Analysis: Bitcoin is expected to rise after finding support at $57,000, and is expected to hit a new high in October

Odaily News Michaël van de Poppe, founder of MN Trading, wrote on X: "Bitcoin has not absorbed liquidity, but is following the plan. I expect it to fall to around $57,000, then find support in this range and continue to rise. Gold is setting a record high, and Bitcoin is also expected to follow this path, possibly setting a new high in October." Yesterday, Poppe said: "Driven by debt refinancing, global liquidity is about to surge, which may trigger the next Bitcoin bull market. Crypto assets and commodities are still 'extremely undervalued'. The last time commodities were valued at similar levels was in 2000 and 1971. Commodities are likely to enter a 10-year bull market. I expect both asset classes to have a lot of room for growth."