So, brace yourselves, crypto enthusiasts, because Bitcoin (BTC) might just be getting ready to do that thing it does best: go absolutely bananas! After having a little lie-down at the $100,000 mark (because who doesn’t need a nap?), the world’s most famous coin is reportedly gearing up for a breakout. And this time, it’s aiming for that $105,800 resistance level. Exciting, right? Let’s hope it’s not just another ‘buy the dip’ trap.
“Bitcoin is about to break back higher,” says Michaël van de Poppe, the crypto soothsayer, “as we’ve taken all the liquidity and it’s quickly being absorbed. These levels should usually be the end of the correction.”
Ah yes, because nothing says “good times ahead” like a chart that doesn’t make you cry. According to van de Poppe, the $100,739 level is where Bitcoin found its ‘strength’, like a boxer shaking off a punch, ready for round two. Ethereum’s climbing back up too, so we might actually have something to celebrate in crypto-land!
Right now, Bitcoin is trading at $105,023, but hey, it’s only a matter of time before we hit the moon, or so they say. 🚀
Moving on, let’s talk about Sui (SUI), which despite a recent security breach in the Cetus Protocol (I mean, what else is new in crypto?), is still holding its own. Van de Poppe remains bullish on this layer-1 blockchain, stating that the Total Value Locked (TVL)—which is just a fancy way of saying “the amount of cash trapped in a crypto protocol”—is still sitting pretty at $1.8 billion. Not too shabby, right?
“SUI has continued to show strength. Despite the recent exploit on Cetus, the TVL on SUI is still $1.8 billion and constantly growing. It has run back with 20% since the recent drop. Such a strong signal and such a strong ecosystem.”
SUI is trading for $3.18, which is up 1.4% in the last 24 hours—because sometimes, in crypto, even small wins feel like big victories. 📈
Lastly, let’s talk about Wormhole (W)—yes, that’s actually the name of a coin. It’s not just a plot device in some sci-fi flick. Van de Poppe points out that Wormhole’s chart is showing something called “bullish divergence,” which sounds like a fancy way to say, “Hey, look, we might be going up!”
“W remains to be one of my portfolio altcoins. They are bringing Dogecoin to Solana as well, as they bridge the memecoin towards the other chain. Secondly, they are the exclusive partner of BlackRock’s BUIDL and more partners. Massive bullish divergence.”
Wormhole is currently trading for $0.07355, which is down by 2.8% in the last 24 hours—but don’t let that scare you. Crypto is like a roller coaster, and who doesn’t love a good thrill ride?
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2025-06-06 21:32