Crypto Analyst Says Bitcoin (BTC) Lows Are Being Taken in Latest Dip, Predicts More Sideways Action – Crypto News – Crypto News
Connect with us
Crypto Analyst Jason Pizzino Forecasts Bitcoin's Likely Trajectory Through February – Here's His Outlook Crypto Analyst Jason Pizzino Forecasts Bitcoin's Likely Trajectory Through February – Here's His Outlook

others

Crypto Analyst Says Bitcoin (BTC) Lows Are Being Taken in Latest Dip, Predicts More Sideways Action – Crypto News

Published

2 years ago

on

A widely followed crypto analyst says Bitcoin (BTC) is approaching the lowest point of a brief downtrend due to the king crypto’s latest dip.

Crypto trader Michaël van de Poppe tells his 660,100 Twitter followers that BTC needs to flip back up before it goes even lower.

“Lows are getting taken again.

Needs to flip back up here, otherwise $28,500 scenario seems likely for Bitcoin.

Markets expecting a rate hike due to positive unemployment data.

Source: Michaël van de Poppe/Twitter

According to Van de Poppe, traders who jumped on BTC recently due to fear of missing out (FOMO) are likely feeling the pain of an instant correction, predicting BTC could go sub-$30,000 again.

“Typical FOMO buyers getting hit in an instant correction and we’re back to the chop on Bitcoin.

More sideways action likely, maybe even sweeping to $29,900.”

Van de Poppe also says BTC’s dip, which saw the top crypto by market cap fall from a 24-hour high of $31,480 to a 24-hour low of $30,070, a 4.5% decrease, is another one of BTC’s “low volatility movements.”

“Low volatility movements on Bitcoin are fun.”

Source: Michaël van de Poppe/Twitter

Bitcoin is trading for $30,403 at the time of writing, up 0.1% in the last 24 hours.

Don’t Miss a Beat SUBSCRIBE to get email alerts delivered directly to your inbox

check price action

Follow us on Twitter, facebook and Telegram

surfing The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Yurchanka Siarhei/Sensvector

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending