Compensating for losses after US regulators’ moves to target cryptocurrency exchanges Bitcoin (BTC) And altcoinThe table is in green.
As Bitcoin reaches $ 24,900, its highest level in the last 6 months, investors are wondering whether the upward enthusiasm can continue.
In this context BTC Popular crypto analyst who touched on critical levels related to Michael van de Poppein today’s post bitcoin He said $25,000 was important to him.
Stating that if BTC can exceed $25,000, it can test higher levels, Poppe claimed that since the markets will start to rise after this move of BTC, Bitcoin can probably reach $ 30,000 and even higher.
“In an emerging market, corrections are relatively short-lived.
Higher levels are tested in the larger time frame, and the markets start to skyrocket as investors hold short the ensuing corrections.
If Bitcoin breaks $25,000, we will continue towards $30,000 – $35,000 for BTC.”
Corrections are relatively short-lived in an upwards trending market.
Higher timeframe levels get one test and then markets start to shoot upwards, as people over short the correction.
Breaking $25K and we’ll continue towards $30-35K for #Bitcoin.
— Michaël van de Poppe (@CryptoMichNL) February 16, 2023
Before this share, the popular analyst said, despite Bitcoin’s recent rise, BTCHe warned that the United States could be facing the biggest bull trap it has ever seen.
Poppe on this “Even though Bitcoin is climbing, being determined in one direction of the market can lead you to big losses” said.
The biggest bull trap I’ve ever seen.
— Michaël van de Poppe (@CryptoMichNL) February 16, 2023
*Not investment advice.
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