Famous Analyst Announces the New Low Level He Expects in Bitcoin: It May Fall Here!
Cryptocurrency analyst Michael van de Poppe evaluated the current situation of Bitcoin (BTC).
In his social media post dated May 9, Michael van de Poppe focused on Bitcoin. Pointing out that the 60-62 thousand dollar band is the lower support zone, the analyst said that the price may choose to hold here and then an increase may occur.
Stating that if the opposite situation occurs and the price loses this support, the 52-55 thousand dollar band will be the next support, the analyst warned investors to be prepared for all kinds of scenarios:
Bitcoin continues to be priced at the bottom of its current range. If this technical area is maintained, the price will tend to move higher. If this does not work, we can expect the correction to continue and the price to retreat to $52-55 thousand levels.
According to CoinGecko data, Bitcoin, which has increased by 2.8% in the last 24 hours, is traded at $ 63,400 at the time of writing.
Shares are for informational purposes only and are not investment advice.
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