World-renowned cryptocurrency analyst Michaël van de Poppe shared his new assumptions. The analyst warns investors that Bitcoin’s price is still vulnerable to downward pressure and advises investors to be cautious. Furthermore, the analyst also shares altcoins claims and these 3 altcoins show that things are going well.
Michaël van de Poppe: Bitcoin could fall further
In his new analysis, prolific analyst Michaël van de Poppe says the severity and timing of the correction suggest it is that the price of the presidential cryptocurrency could continue to fall. Michaël van de Poppe completes his comments on this subject:
Aren’t we done yet? I don’t think we’re done yet as we can do very corrective attacks. Historically, March has not been the best time for crypto or markets in general. So I don’t think we’re done. After falling so sharply, particularly on the lower timeframes, construction activity is currently declining, but we are still doing fine on the higher timeframes.
Michaël van de Poppe: BTC is facing a clear resistance zone between $50,000 and $52,000
is currently facing a clear resistance zone mid-$50,000 to $52,000, leaving some buyers baffled by overlooking concerns. Michaël van de Poppe adds to his comments on the bet:
There are some points of resistance he faces. First off, people will probably think the correction is over and markets are back.
Michaël van de Poppe: Even if the Bitcoin price falls below $35,000, there is no need to panic!
Despite Bitcoin’s short-term fragility, analyst adds that “there is no need to panic” even if Bitcoin’s price falls below $35,000. Michaël van de Poppe adds his comment on the bet:
The market structure is still smooth. Even if bitcoin falls to $35,000, the market structure is still reasonable as we are still making higher lows and higher highs. Therefore, it is only natural to perform a corrective attack. Often these corrections are quite drastic and the markets move or crawl without a top error. Then the corrections are just purges etc. It’s a very rapid decline. But there is no need to panic and you should actually use these drops for bulking. Larger location…
Michaël van de Poppe: We can have a boring time in March! These 3 altcoins are doing well
Michaël van de Poppe expects altcoins to trade in a range for most of the next month before recovering in April. Michaël van de Poppe adds the following to his explanations on this topic:
…what’s next in March. I think we can have a somewhat horizontal, boring period. Maybe some altcoins are going left and right as some are suitable… Kusama (KSM), Serum (SRM), Solana (SOL), they are going enough. But the actual altcoin period should be in late March and everything should be on the upside.
Here are Michael van de Poppe’s successful claims
Prolific analyst Michael van de Poppe correctly predicted the altcoin season in Q1 2020. In addition, the famous analyst announced Bitcoin’s declines in the past hours hours in advance. Additionally, the analyst has also achieved a high success rate on cryptocurrency claims over the past several months. Apart from these, the master analyst also has other successful cryptocurrency predictions. In conclusion, the analyst stated that he expects a valuable crypto correction in February and predicted the market crash on Feb. 22 as true.