Crypto Analyst Advises Traders Not to Worry About Bitcoin’s Recent Dip
A widely followed crypto analyst is cautioning traders against worrying about Bitcoin’s (BTC) nearly 5% dip in the last 24 hours. According to the analyst, market corrections can be seen as opportunities for traders.
The crypto analyst Michaël van de Poppe tells his followers on Twitter that the recent dip in BTC’s price is expected from a technical standpoint. He explains that lower volumes on the upward grind combined with a bearish divergence indicate a valid correction happening, which is normal. However, he believes that altcoins will rally in the near future.
Viewing Dips as Opportunities
Van de Poppe emphasizes that traders should view dips as opportunities to jump into the markets. He advises against chasing green candles and encourages traders to hunt for corrections because that’s when they can gain an edge. In his opinion, buying altcoins when they are down 10-15% is a good strategy.
No Fear About BTC’s Pullback
Finally, Van de Poppe reassures traders that they should not fear Bitcoin’s pullback. He believes that the current market conditions indicate the start of a bull cycle and advises traders to enjoy the dips.
Hot Take: Bull Market Continues Despite Bitcoin’s Correction
Crypto analyst Michaël van de Poppe suggests that Bitcoin’s recent dip should not cause concern among traders. According to him, market corrections present opportunities for traders to enter the market or accumulate more assets. Van de Poppe explains that from a technical standpoint, BTC’s dip was expected due to lower volumes and a bearish divergence. He believes that altcoins will follow Bitcoin’s lead and reach new all-time highs.
Van de Poppe advises traders to view dips as favorable moments to enter the market and gain an edge. He suggests that instead of chasing green candles, traders should be eager to hunt for corrections. Buying altcoins when they are down 10-15% can be a profitable strategy.
Despite the recent dip, Van de Poppe reassures traders that this is just a normal part of market cycles. He believes that the current conditions indicate the start of a bull cycle and encourages traders to enjoy the dips.
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