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 on Wednesday, Van de Poppe believes that Bitcoin’s correction is over and that it may soon return to its all-time high of around $74,000. He suggests that the upcoming macroeconomic season, starting with PMI data, will likely push Bitcoin to test its ATH within 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 expresses bullish sentiments towards NEAR Protocol (NEAR), an Ethereum (ETH) competitor, predicting a potential 223% gain for the token. He believes that NEAR is slowly crawling upwards after retesting its previous consolidation area and that the next target in the rally is $10-$15.

NEAR is currently trading at $4.64, with a 2.1% increase in the last 24 hours. Additionally, Van de Poppe suggests that ETH may experience a surge against Bitcoin (ETH/BTC) if the US dollar index (DXY) starts to trend down. He emphasizes that a reversal in the DXY and Yields could lead to increased demand in the ETH ecosystem, with a breakthrough of 0.04 BTC signaling a positive movement.

ETH/BTC is currently trading at 0.03731 BTC ($2,527), showing a 2.66% decrease in the last 24 hours. Van de Poppe’s analysis highlights the importance of monitoring the DXY and Yields for potential opportunities in the cryptocurrency market.

It’s 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, cryptocurrencies, or digital assets. The Daily Hodl, where Van de Poppe’s analysis was published, does not endorse the buying or selling of any cryptocurrencies or digital assets, and readers should exercise caution when engaging in such activities.