Experienced cryptocurrency Analyst Michaël van de Poppe, in his analysis on Twitter, is currently on the rise. Bitcoin (BTC) He made some interesting statements about the price.
Bitcoin Analyst Michaël van de Poppe Announces the Next Critical Price Point
According to the analyst’s statement, the most critical level for Bitcoin price is $ 26,800. Van de Poppe said in his statement that if the price continues to stay above this level, the next target will be $ 28,500.
However, van de Poppe claimed that the $26,800 level has been tested twice so far and will likely break. According to the analyst, if this level is broken, a deeper and harder correction may occur.
$26,800 is crucial for #Bitcoin.
Had two tests now. If we get one more test, it will probably break and cause a deeper and harsh correction.
Holding above -> $28,500 next.
— Michaël van de Poppe (@CryptoMichNL) March 19, 2023
However, van de Poppe thinks the current trend will continue as long as the $26,800 level remains protected.
Bitcoin price is trading at $28,000 at the time of this writing and has gained approximately 4% in the last 24 hours.
The analyst also argued in his previous tweet that he expects an upward movement between $28,300 and $28,900, and then a decrease may occur.
Michael van de Poppe also made some comments about Ethereum. Claiming that the resistance level for ETH is located at $ 1,850, the analyst argued that in case of a rejection at this level, there can be a decrease between $ 1,680 and $ 1,725, and then the movement of $ 2,000 will continue.
*Not investment advice.
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