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Crypto Analyst Michaël van de Poppe Updates Bitcoin Levels to Watch

Crypto Analyst Michaël van de Poppe Updates Bitcoin Levels to Watch


Popular cryptocurrency analyst Michaël van de Poppe has updated followers on his forecast for Bitcoin and the crypto markets. 

In a recent trading review session posted to YouTube, Van de Poppe warned the severity of the recent price correction could lead to an even greater pullback. 

The trader said

Are we done yet? I do not assume that we’re done yet because we can just have very corrective moves. Historically, March is not the best period for crypto in general or markets. So I do not believe that we are done.

According to Van de Poppe, the lower time frame charts were pointing to a bearish outlook for crypto, while higher time frames were “still doing fine.”




The veteran trader said a key point of resistance had been established in the $50k – $52k region, with some investors rushing to buy the dip. Poppe claimed the bounceback for Bitcoin was likely being driven by short-sighted FOMO-ing in the market. 

Van de Poppe warned the price could fall below $35K with an additional pullback, but indicated there was “no need to panic.”

He explained:

The market structure is still fine. Even if Bitcoin drops to $35k, the market structure is still fine as we are still making higher lows [and] higher highs. So it’s very natural to have a corrective move.

Featured Image Credit: Photo via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.



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