A widely followed crypto analyst is reacting as king crypto Bitcoin (BTC<\/a>) sets a new record all-time high.<\/p>\n According to\u00a0CoinGecko<\/a>, BTC reached a new all-time high of $69,255 earlier this morning.<\/p>\n In response, crypto trader Micha\u00ebl van de Poppe\u00a0says<\/a>\u00a0this is the first new all-time high before Bitcoin\u2019s halving, a pre-programmed event that occurs every four years designed to cut the BTC rewards to miners in half.<\/p>\n \u201cBREAKING:<\/em><\/p>\n Bitcoin reaches a new all-time high at $69,500.<\/em><\/p>\n The first time we\u2019re seeing a new all-time high pre-halving.\u201d<\/em><\/p>\n The next BTC halving is expected next month. According to Van de Poppe, BTC\u2019s current price action\u00a0reflects<\/a>\u00a0the activity of previous cycles.<\/p>\n \u201cTaking into account that there\u2019s a halving happening on Bitcoin, then the price action is still comparable to previous cycles.<\/em><\/p>\n The only difference; valuation is higher pre-halving due to the exchange-traded fund.<\/em><\/p>\n What it does mean:<\/em><\/p>\n \u2013 Top is near, 30% correction likely.<\/em><\/p>\n \u2013 Altcoins to do well.\u201d<\/em><\/p>\n According to the analyst, traders can\u00a0next expect<\/a>\u00a0a dip from BTC before further rallies.<\/p>\n \u201cI\u2019m still aiming for a potential scenario for Bitcoin, in which liquidity will be taken and then a slight correction takes place.<\/em><\/p>\n Important macroeconomic day: Unemployment rate.<\/em><\/p>\n Meanwhile: Altcoins continue to show strength.\u201d<\/em><\/p>\n BTC is worth $67,034 at time of writing.<\/p>\n Looking at the wider crypto markets, the analyst\u00a0thinks<\/a>\u00a0digital assets will only grow stronger.<\/p>\n \u201cThe total crypto market capitalization continues to rally.\u00a0<\/em><\/p>\n Facing some resistance zones \/ areas for consolidation.\u00a0<\/em><\/p>\n Further, the valuations of Altcoins in their BTC pairs are still relatively low.<\/em><\/p>\n This would suggest that strength is still to come.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A widely followed crypto analyst is reacting as king crypto Bitcoin (BTC) sets a new record all-time high. According to\u00a0CoinGecko, BTC reached a new all-time high of $69,255 earlier this morning. In response, crypto trader Micha\u00ebl van de Poppe\u00a0says\u00a0this is the first new all-time high before Bitcoin\u2019s halving, a pre-programmed event that occurs every four […]<\/p>\n","protected":false},"author":2,"featured_media":208473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-261780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=261780"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261780\/revisions"}],"predecessor-version":[{"id":261782,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261780\/revisions\/261782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/208473"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=261780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=261780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=261780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n
\n![](\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\")
<\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n
![\"\"](\"https:\/\/pbs.twimg.com\/media\/GIJo58jWgAE4kpN?format=png&name=large\")