Bitcoin, the world’s largest cryptocurrency, is experiencing a massive downturn. However, popular crypto analyst, Michael van de Poppe has predicted that the cryptocurrency may be at the end of its correction, foreseeing potential upsides following a price bottom.
Analyst Suggests Bitcoin Bottom Closing In
In an X (formerly Twitter) post on Wednesday, May 1, Poppe declared that Bitcoin was at the end of its correction phase, suggesting that the cryptocurrency’s anticipated bottom was finally closing in.
The crypto analyst disclosed that BTC was down by 20% from its all-time highs in March 2024, predicting further declines possibly driven by market volatility and investor sentiment. As of writing, the price of the cryptocurrency is trading at $57,719, reflecting a weekly decline of 9.53%, according to CoinMarketCap.
Poppe further confirmed on May 2 that Bitcoin had largely completed its downward trend. He anticipates another 5% to 10% dip, clarifying that it may ta
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