Crypto Analyst Michaël van de Poppe Predicts Bitcoin’s Next Moves Amid Price Slump

Renowned cryptocurrency analyst and trader Michaël van de Poppe has stated that the recent drop in Bitcoin‘s (BTC) price might have brought it close to the bottom of its short-term downtrend. He suggests that it could soon make an upward move or, should it fail to do so, it could drop to even lower levels. Bitcoin Could Either Rise or Head Towards $28,500 According to the Analyst Famous cryptocurrency analyst and trader Michaël van de Poppe expects BTC to bounce back up before falling further. He points out, “Low levels are being bought again. It should rebound from here; otherwise, Bitcoin will take action to run the scenario of $28,500. The markets are pricing in the possibility of a new Fed rate hike due to the extremely positive unemployment data for the US economy.” According to Van de Poppe, investors who have recently put their money into BTC due to […] The post Crypto Analyst Michaël van de Poppe Predicts Bitcoin’s Next Moves Amid Price Slump appeared first on COINTURK NEWS.