According to crypto trader Michaël van de Poppe, a key issue is holding Bitcoin and other cryptocurrencies back from significant price increases.
According to crypto analyst Van de Poppe, the current tensions between the US and Iran are negatively affecting the cryptocurrency market, impacting its performance for his 821,300 followers on X.
He believes a deal between the two countries is likely within the next few weeks, which could lead to significant price increases for Bitcoin and other cryptocurrencies in the months ahead.
If Bitcoin holds steady and doesn’t decline, and if the US and Iran reach an agreement in the coming days – which I anticipate they will – then there’s no reason to believe the price of crypto will continue to fall. In that scenario, I expect to see the value of altcoins and other cryptocurrencies rise throughout the summer.
The trader also warns that altcoins may collapse in value if Bitcoin loses support at $73,000.
Bitcoin’s price has stabilized significantly, which is causing investors to shift their money from altcoins into Bitcoin. This trend is likely to continue as long as Bitcoin stays within its current trading range and doesn’t experience major price swings. If Bitcoin rises above $80,000, we can expect it to strengthen further, drawing investment back into Bitcoin itself until it encounters resistance. Conversely, if Bitcoin falls below $73,000, altcoins are likely to experience a significant price drop with little potential for recovery.
Bitcoin is trading for $74,412 at time of writing, down 1.9% on the day.
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2026-05-29 12:42