Analyst Waiting for a Fall in Bitcoin Announces the Levels to Buy!

bitcoinWhile the rise of ‘s above $ 28,000 also mobilized altcoins, investors focused on the interest announcement from the FED.

While these rises excite investors, to cryptocurrencies Michael van de Poppe, known for his successful analysis of

Stating that he expects a decrease in Bitcoin from his Twitter account, Poppe said, BTCHe stated that there are two years for the decline in .

According to the first scenario, bitcoin It will rise above the recent high of $28,800 after the FOMC minutes, after which it will decline sharply.

According to the second scenario bitcoin it will lose $27,000 first and then continue to drop to $25,000.

The successful analyst, who is in anticipation of a decline, stated that he is interested in the $ 23,300 and $ 25,000 levels for decreases in Bitcoin.

“Bitcoin still seems to want to roll, showing a slight distribution pattern.

I think there are two scenarios for Bitcoin.

Scenario 1: Rise above the recent high of $28,800 via FOMC, followed by sharp decline.

Scenario 2: Losing $27,000 and continuing to drop to $25,000.

I’m interested in $23,300 and $25,000 for dips.”

#Bitcoin still looks like it wants to roll over, showing a slight distribution pattern.

two scenarios;
– Sweep above recent high to $28,800 through FOMC and then sharp drop.
– Losing $27,000 and continuing the fall to $25,000.

I’m interested at $23,300 and $25,000 for dips. pic.twitter.com/qgUkpnZltb

— Michaël van de Poppe (@CryptoMichNL) March 21, 2023

Another in sharing and altcoins bitcoin Poppe pointed out that this situation is not the signs we would like to see.

Moreover altcoinThinking that the money in the future is also flowing to Bitcoin, the analyst suggested that investors remain relatively calm about their positions.

“Bitcoin is still consolidating at high levels while altcoins bleed.

These are not signs you want to see. Money turning from altcoins in the direction of Bitcoin amid fears over tomorrow’s FOMC meeting.

I would also remain relatively calm about positions. Open opportunities will arise.”

*Not investment advice.