Bitcoin Surges 117% to $117,800 Analyst Calls for Pause

Bitcoin has recently experienced a significant surge, surpassing its previous all-time highs and currently trading around $117,800. However, top analyst Michaël van de Poppe suggests that it might be time for the cryptocurrency to take a pause, at least temporarily.

In a recent tweet, van de Poppe advised that after Bitcoin's explosive upward move, it is now time to "chill out." He noted that the cryptocurrency has broken through key liquidity levels above $110,000 and continued its aggressive climb. With Bitcoin reaching new all-time highs, van de Poppe suggests that momentum could start shifting towards altcoins instead.

Van de Poppe's annotated chart illustrates this setup clearly. After breaking above $106,500, Bitcoin saw a strong acceleration toward $108,000 and then $117,000+. Liquidity above was absorbed, and key support at $110,545 is now holding strong. A slight pullback wouldn’t be unexpected, as much of the fuel behind the recent move may have already been spent. His call for cooling off doesn’t imply a bearish reversal – just that the major breakout has happened and the market may now favor smaller-cap plays or altcoins.

With Bitcoin potentially taking a breather, investors are looking for alternative opportunities. Two presale projects, HYPER and SNORT, are gaining attention as potential investments. HYPER is a meme coin that offers real utility by acting as a Layer 2 solution for Bitcoin. Built on the Solana Virtual Machine, HYPER allows users to send Bitcoin to a bridge on Layer 1, where zero-knowledge proofs validate the transfer. A wrapped version of BTC is then minted on the HYPER network, enabling ultra-fast transactions with micro-fees. HYPER has already raised over $2.5 million during its presale and is gaining traction with investors who see it as a hybrid between Solana-speed and Bitcoin-scale. Additionally, HYPER tokens can be staked for high APY returns, giving buyers both potential price growth and passive income.

SNORTER ($SNORT) is another meme coin that focuses on trading automation. This multi-chain token, built on both Solana and Ethereum, powers the Snorter Bot, a Telegram-based crypto trading suite designed for speed, protection, and profitability. Users can use the bot to snipe meme coin launches, copy successful wallets, execute stop-loss orders, and trade directly from Telegram. The bot comes equipped with MEV protection and rug-detection tools, helping users avoid scams and frontrunning bots. With nearly $1.6 million raised in its presale, $SNORT is quickly gaining popularity among traders who are tired of clunky interfaces and slow response times. Plus, it offers juicy staking rewards – up to 200% APY for early participants.

While Bitcoin may be taking a breather, the crypto market is far from boring. Analysts like Michaël van de Poppe are pointing toward an altcoin season, and presale tokens like HYPER and SNORT might just offer a perfect combination of meme power and real-world utility. If investors missed Bitcoin’s move or just want to diversify, these two projects could be some of the smartest plays in today’s market.