Crypto swing trader Michaël van de Poppe believes that Bitcoin’s (BTC) price will consolidate in the months preceding the halving event that is scheduled to be held in April.
Bitcoin (BTC) Price in Consolidation Mode
Michaël says he has a general theory that states that the leading cryptocurrency by market capitalization will be consolidating in the next few months. In his opinion, he believes that Bitcoin price pre-halving will be around $48,000 and might grow up to around $50,000. This stance buttresses Michael’s previous statement on the potential of the coin to rebound from its current lows.
The founder and CEO of MN Trading explained that Bitcoin might move towards lower values before embracing a potential rebound. In one of his earlier projections, he indicated an interest in accumulating more Bitcoin in the $36,000 to $40,000 price range. He shared this notion when Bitcoin’s price was around $40,965.
My general theory is that #Bitcoin is consolidating in the coming mo
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