Bitcoin doesn’t need a fresh narrative to reclaim $100K: Analyst
With attention spilling into multiple other technology sectors, crypto may struggle to capture a strong, price-driving narrative, a crypto analyst says.
Bitcoin may not need a new story or catalyst to push back above the psychological $100,000 level, which it has not traded above in nearly five months, according to MN Trading Capital founder Michael van de Poppe.
‘“There doesn’t need to be a narrative that pushes the price upwards,” van de Poppe said in an X post on Friday, after asking, “What narrative will bring Bitcoin to $100K?”
“Price moves upwards, and the narrative will create itself,” van de Poppe said, adding: