{"id":24146,"date":"2026-04-06T11:49:42","date_gmt":"2026-04-06T11:49:42","guid":{"rendered":"https:\/\/businessprofittoday.com\/index.php\/2026\/04\/06\/bitcoin-news-today-van-de-poppe-says-80k-is-possible-this-week\/"},"modified":"2026-04-06T11:49:42","modified_gmt":"2026-04-06T11:49:42","slug":"bitcoin-news-today-van-de-poppe-says-80k-is-possible-this-week","status":"publish","type":"post","link":"https:\/\/businessprofittoday.com\/index.php\/2026\/04\/06\/bitcoin-news-today-van-de-poppe-says-80k-is-possible-this-week\/","title":{"rendered":"Bitcoin News Today: Van de Poppe Says $80K Is Possible This Week"},"content":{"rendered":"

The post Bitcoin News Today: Van de Poppe Says $80K Is Possible This Week<\/a> appeared first on Coinpedia Fintech News<\/a><\/p>\n

Bitcoin has climbed back above the $70,000 mark, hitting its highest level in the past 10 days. The move was quick, with BTC jumping around 3.6% in just 12 hours, triggering over $258 million in liquidations, $233 million of that from short positions. <\/p>\n

Can Short Squeeze Fuel the Rally Higher<\/strong><\/h2>\n

The breakout was largely fueled by a classic short squeeze. As prices moved higher, bearish positions were forced to close, adding more buying pressure and pushing BTC further up.<\/p>\n

Analyst Micha\u00ebl van de Poppe<\/a> pointed to strong market conditions, saying:<\/p>\n

\u201cPretty strong momentum on the markets of #Bitcoin. Volatility is picking up, and I think it’s fireworks during this week as we might be getting to the end stage of the entire situation in the Strait of Hormuz. If #Bitcoin breaks $71K, then markets are in for a test at $80K.\u201d<\/p>\n

At the same time, ongoing geopolitical developments around the Strait of Hormuz are adding uncertainty, which could lead to sharper moves this week.<\/p>\n

What\u2019s Driving the Rally?<\/strong><\/h3>\n

Another major reason behind the rally is easing global tension. Reports <\/a>of a possible US\u2013Iran ceasefire, along with extended deadlines from Donald Trump, have reduced fear in financial markets.<\/p>\n

As sentiment improved, money quickly moved back into risk assets like crypto. Bitcoin, which was recently struggling near $66K due to war concerns, saw a strong bounce as confidence returned. However, platforms like Polymarket show traders are still not fully convinced, keeping the market cautious.<\/p>\n

Resistance and Risk of Pullback<\/strong><\/h3>\n

Bitcoin is now testing the $69K\u2013$70K zone, which is acting as a key resistance. Analyst\u00a0Ted<\/a><\/span> Pillows<\/a> noted that a clean move above this range could push BTC toward $72K\u2013$74K, while rejection may send it back below $66K.<\/p>\n

On-chain data from Santiment <\/a>adds another layer to watch. The profit-to-loss transaction ratio has reached 2.95:1, a level that has often marked short-term tops, suggesting a cooldown could follow.<\/p>\n

A Cycle Still Unfinished?<\/strong><\/h3>\n

Zooming out, the cycle still looks unusual. Stockmoney Lizards noted that despite a 700% rally over three years, retail participation has remained low.<\/p>\n

\u201cThis time we barely touched extreme greed\u2026 it felt different,\u201d they shared, suggesting Bitcoin may still be in an accumulation phase with more moves left later in the cycle.<\/p>\n

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