Bitcoin (BTC) may be on the brink of a breakout, according to popular crypto analyst Michaël van de Poppe. Despite a dip into the $65,000 range, van de Poppe believes that Bitcoin’s correction is over and a return to the all-time high of $74,000 could be just weeks away. Van de Poppe shared his insights with his large following on the social media platform X, stating that the dip coincided with the start of the macroeconomic season and the release of Purchasing Managers’ Index (PMI) data. He expects to see the all-time high test in the next two to four weeks.

At the time of writing, Bitcoin is trading at $67,802, showing a 2.5% increase in the last 24 hours. Van de Poppe also expressed bullish sentiment towards NEAR Protocol (NEAR), an Ethereum (ETH) competitor. He suggested that NEAR may experience a significant gain of 223% in the near future, as the markets gear up for the next major upward movement. NEAR is currently trading at $4.64, with a 2.1% increase in the last 24 hours.

Furthermore, van de Poppe believes that ETH may surge against Bitcoin (ETH/BTC) if the US dollar index (DXY) starts trending down. He stated that the reversal on the DXY and the Yields will play a crucial role in determining the demand for ETH. If ETH manages to break through 0.04 BTC, it could see significant growth. At the time of writing, ETH/BTC is trading at 0.03731 BTC ($2,527), displaying a 2.66% decrease in the last 24 hours.

It is important to note that the opinions expressed by van de Poppe are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl, where the article was sourced from, does not recommend buying or selling any cryptocurrencies or digital assets.