Bitcoin Set for Wild Ride: Will the Fed Send BTC Into Orbit This Week? 🚀

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You see, there are weeks in a man’s life that walk in heavy on his shoulders, like a pack mule on a muddy Californian trail. This, folks, is one for Bitcoin. According to ol’ MichaĂ«l van de Poppe—a man who’s counted up more coin charts than a Nevada casino’s seen chips—there’s a storm brewing, and it’s set to break over Bitcoin’s head just as it recovers from a trough so deep you could lose an honest man’s hopes in it: $74,000.

On the bristling electronic plain of X, MichaĂ«l whispers (and sometimes shouts) to 785,200 souls, promising that the mighty Federal Reserve might just swing the axe on interest rates during its May 6th to 7th powwow. Rate cuts—like sudden rain in Salinas—have a way of shaking things up. If the Fed takes the shears to those rates, Bitcoin might shoot up quicker than a jackrabbit in a lettuce patch. đŸŒ±đŸ‡

“Big week coming up with the FED.

The likelihood of a rate cut is significant, and if that rate cut comes, another confirmation of money supply to go ballistic and crypto and Bitcoin to succeed.”

Now, any seasoned rancher knows it’s not just about the rain—it’s about what grows. Van de Poppe eyes that BTC chart with a squint that’d make a desert prospector proud. Bitcoin managed to shake off its old resistance line at $75,000, treating it like a stubborn old fence post, and now that same line stands strong as support. “Ideal build-up,” he says, before the cattle bolt for greener, more bullish pastures.

Moving in a little closer—nose to the wind, eyes sharp—our analyst figures Bitcoin’s behaving as bullish as a prize steer during the county fair. After all, $87,000 was a fence no one expected this ornery beast to clear, but it jumped clean over, kicked up dust, and found itself back in the $92,000 corral. Now, Van de Poppe reckons every dip is just another patch of low-hanging fruit on the orchard trail to the all-time high. 🍏

“Bitcoin had one crucial level to break through: $87,000.

It did and it continued to rally higher.

It has also flipped back in the range above $92,000.

That means –> any dip is a good opportunity towards the new all-time high (ATH).”

Behind all this, two big, lumbering macroeconomic beasts are stirring—the kind that can trample crops or carry you straight to the promised land. Monetary expansion and the business cycle, says Van de Poppe, are both heating up like a Steinbeck summer. So don’t be surprised if Bitcoin reaches for the sky with greasy, callused hands and grabs an all-time high and then some. At the time I write this, Bitcoin’s perched at $94,375—high enough to make even the Joads blink and mutter, “Well, I’ll be…” 😏

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2025-05-05 10:21