Popular crypto trader Michael van de PoppeHe thinks that Bitcoin (BTC) should suffer a few more dips before re-entering another bull market.
In a new video, Van de Poppe tells 165,000 YouTube subscribers that Bitcoin is coming soon. for 36,000 dollarsHe said he had to endure a brief correction in the price area around r.
Crypto analyst says the dips are gaining momentum against BTC and $40,000-41,000 dollars He thinks it will provide “some fuel” to get him in range. In other words, according to the analyst, BTC will continue to rise in the long run, but for this it needs to experience some decline.
“Looking at the diary (chart)… again we remove resistance, gain liquidity…
This is also a new level so I assume we are correcting towards the area around $36,000…
We’re heading towards $41,100, we win this trend, you technically say it’s a bearish flag or something and then [likidite] To win (at this level) we get rejected and pull ourselves down once again, and then we go back to the bull cycle.”
Van de PoppeBitcoin $46,000rises above or gains some liquidity. 30,000 dollars He said he plans to buy Bitcoin if it falls within the range. He added that if he bounces back to $41,000 as he predicted, he will “reduce his risk” in his BTC position.
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