đBitcoinâs Surge: Analysts Weigh In On The Recent Price Increase
$935 Million Wiped from Bitcoin and Cryptocurrency Markets đ„¶đ±
Bitcoin and other cryptocurrencies have recently gone through a significant drop. When Bitcoin suddenly reached the $65,086 mark, the decline in altcoins was particularly harsh. Analyst Michael van de Poppe commented on the drop, advising to buy at these lower levels, provided that one has some cash on hand.
According to Coinglass data, the recent sharp decline led to 298,320 investors liquidating their positions in the last 24 hours, totaling $935 million. Comments from an analyst followed the steep drop.
Crypto market analyst closely followed by the community suggests that Bitcoin (BTC) is in an accumulation phase before its next rise. Michael van de Poppe, with 711,500 followers on a social media platform X, indicates that gold and BTC are heading towards their all-time high levels.
According to him, Bitcoin appears to be in an accumulation phase before the next breakout. Gold continues its ascent towards new all-time highs. As this article is being written, BTCâs value is at $67,654. (Source ; COINTURKNEWS)
