Evaluating the Fall in Bitcoin, the Analyst Announced the Levels to Follow!

In the conditions of the bear market, it fell to the level of $ 17,600. Bitcoin (BTC), It started to rise in July.

continuing its rise BTCis trying to get rid of the bear market by exceeding $25,000.

However, it could not maintain the $25,000 level. BTC It made a price correction and is down 1.5% in the last 24 hours to $24,109.

Famous cryptocurrency analyst evaluating Bitcoin’s price correction Michael van de Poppeshared a post on his Twitter account.

Stating that the last correction in Bitcoin is normal, the analyst said that there is no cause for concern.

famous analyst, bitcoinHe noted that despite the recent short-term bullish momentum in .

Poppe also added that he expects the correction in BTC to be prolonged, not short-lived.

“We see Bitcoin consolidating, as we had a pretty good uptrend last week.

This correction experienced in BTC is very normal because nothing goes up in a straight line.

Finally, Poppe did not neglect to give advice to investors. The analyst said that the $23,000 and $23,800 levels are important for long-term investors in Bitcoin.

#Bitcoin consolidating a little, as we’ve had a pretty decent run upwards in the past week.

▫️ Very normal; nothing goes up in a straight line.
▫️ Profit taking, as bear mindset is still key.
▫️ Giving people on HL’s opportunities to jump in.

Watching $23.8K and $23K for longs pic.twitter.com/lfqPqMmKft

— Michaël van de Poppe (@CryptoMichNL) August 15, 2022

*Not investment advice.