As Altcoins Resist Bitcoin, Analyst Warns About BTC! “If This Level Cannot Be Maintained…”

bitcoin And altcoinThere has been a sudden and drastic decline in recent years.

Although these decreases cause pessimism in the market, investors are looking forward to a rise.

BTCPopular crypto analyst evaluating the declines in Michael van de Poppe
He said that Bitcoin is already showing weakness.

Stating that altcoins have also withdrawn with BTC, Poppe stated that after this withdrawal, altcoins rose against Bitcoin.

Poppe also noted that altcoins BTC He said its performance against Bitcoin is seen as a sign that investors are looking for alternative cryptocurrencies to Bitcoin.

Believing that the levels that need to be recovered in order to continue the rise in Bitcoin are in the range of $ 26,500-$ 26,800, Poppe argued that if this range cannot be won, BTC may fall to $ 25,000.

“Bitcoin is showing weakness. Altcoins are also performing well against BTC as they have pulled back significantly.

Overall, I think we need to retrace the $26,500-$26,800 price range before we can move higher.

Otherwise, $25,000 comes in Bitcoin.”

#Bitcoin is showing weakness and #altcoins are slightly bouncing in their BTC pairs as they have been retracing significantly.

Overall, I’m looking at a case that we need to reclaim $26,500-26,800 before hitting longs (mentioned yesterday).

Otherwise, $25K. pic.twitter.com/dgwxdH3NHE

— Michaël van de Poppe (@CryptoMichNL) May 12, 2023

3.9% in the last 24 hours; Bitcoin, which has decreased by 9.42% in the last week, continues to be traded at $ 26,372 at the time of writing.

*Not investment advice.