Popular Analyst Poppe Reveals Critical Resistance in Bitcoin (BTC)!
Here are some brief notes on important information..
Michael Van De Poppe, founder of trading company Eight and a popular crypto analyst, said that the leading cryptocurrency Bitcoin (BTC) needs to break the $ 58,000 resistance level in order to enter an uptrend again.
The successful analyst Poppe drew parallels with past cycles and noted that the decline in US government bond yields usually leads to an increase in the crypto sector. Poppe believes that the BTC price will rise specifically in October.
The famous crypto trader stated that investors should focus on long-term expectations and not get emotional under the influence of short-term fluctuations in the stock markets:
“I believe that $ 58,000 is a resistance level in Bitcoin (BTC), breaking this level could start an uptrend for BTC towards its all-time high.
I believe that September will be the last bearish month for the crypto sector, and then the much-anticipated increases will begin.”
Previously, Bitcoin Opportunity Fund partner Mark Moss said that the BTC price will depend on the actions of the winning US presidential candidate by the end of the year and that increasing liquidity in global markets will support Bitcoin.
Stay tuned for all developments..
