Cryptocurrency analyst Michaël van de Poppe, known for his 5 correct predictions in Bitcoin (BTC), shared a series of tweets in which he evaluated the December 4 drop in the first hours. Analyst says current levels (47,000) are bottom and trend direction is still bullish. Let’s take a quick look at the latest analysis of Michaël van de Poppe, who is famous for his accurate predictions…
Michaël van de Poppe says bottoms are set for Bitcoin
The analyst started sharing his analysis today as Bitcoin price spends around $52,000, the first stop of its gradual correction. Poppe said that after Bitcoin slumped from $52,000 to $42,000 in 45 minutes, the recovery to $47,000 “took bottoms.” The analyst also says that we are still in the bull market.
Michaël van de Poppe was among the analysts who kept their year-end expectations high.
Poppe’s thoughts and analysis of the fix were:
Overall, this should be the lowest level of a standard 30-40% correction in the markets. However, the corrections in Bitcoin over the past few years have been very bad as there is such a huge amount of leverage in the markets. This is how we get over it. But everything is fine.
What happened to BTC today?
cryptocoin.com As we have reported, on December 4, $ 15,600 was deleted from the BTC price in a short time. The reason can be grouped under the following headings:
- The first is the concern caused by the Omicron variant
- Excess BTC sent to be sold on exchanges
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