Crypto analyst Michael van de Poppe bitcoin He thinks the price could drop further before a recovery. The analyst made his prediction, taking into account the $25,000 level of BTC. made.
According to the analyst, Bitcoin is currently “clearing” areas below the $25,000 level. In this way, it is working to break out of the lower levels and keep the target around $25,000 minimum.
Shortly after the analyst’s prediction, BTC fell to around $ 24,930 and rose back to $ 25,500 after a while. However, the analyst added that he is concerned that the price could fall to $23,000 if it fails to stay above $24,500.
Measuring the total value of all cryptocurrencies in circulation cryptocurrencyMichael van de Poppe, looking at the total market capitalization (TOTAL) of the company, said that markets are currently unable to stay above TOTAL’s 200-week moving average (MA) of $1.05 trillion.
It needs to be recovered as soon as possible if any upside is expected, otherwise $800 and $950 billion will be tested.
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