Bitcoin (BTC) Could Experience Final Correction, Says Cryptocurrency Analyst Michaël van de Poppe
Cryptocurrency analyst Michaël van de Poppe predicts that Bitcoin (BTC) may undergo one last whole lot of downward move. In a recent video, Van de Poppe informs his YouTube subscribers that Bitcoin (BTC) could potentially fall by around 10% from its current levels, marking a “final correction.” Nonetheless, according to the analyst, long-term Bitcoin (BTC) bulls should view this correction as a chance to increase their Bitcoin holdings.
Van de Poppe mentions that Bitcoin (BTC) is as of now priced at $25,000 and discusses the delay in spot ETFs for Bitcoin. He likewise outlines that an notice for Ethereum (ETH) Futures ETFs is expected in the next 3 to four weeks. Van de Poppe concludes that while a final correction is likely, investors should pay attention if Bitcoin (BTC) closes below the 200-week exponential moving average at $23,000 or $24,000. With institutions entering the market, he believes that the present market conditions present a favorable long-term buying opportunity.
Hot Take:
Cryptocurrency analyst Michaël van de Poppe implies that Bitcoin (BTC) may experience its final correction, potentially dropping by 10% from its current levels. Nonetheless, he advises long-term Bitcoin (BTC) bulls to view this correction as a chance to add to their holdings. Van de Poppe outlines the importance of the 200-week exponential moving average and advises investors to monitor if Bitcoin (BTC) closes below $23,000 or $24,000. Regardless of the correction, the analyst believes that the market remains attractive for long-term investment, especially with the involvement of institutional investors.
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