Crypto Michaël Van de Poppe’s strategist describes a potential path for Bitcoin (BTC) which, according to him, would lay the foundations for the next phase of the Haussier market.
The analyst indicates to his 777,600 subscribers on the X social media platform that the lowering feeling for the crypto is at a high level, which suggests that the substance of the current market correction is close.
According to the trader, the latest Bitcoin movement below $ 90,000 is designed to operate the purchase controls at rest before lighting the next step.
“Bitcoin must take all the liquidity.
This is what we are doing now.
Ultimate background case? 83,000 to $ 87,000.
Then we have to turn upwards.
The current feeling is extremely culminating downward, so this is probably the case. »»
Bitcoin plunged to a three -month $ 86,141 on Monday, triggering a liquidation of $ 1.58 billion.
At the time of writing, Bitcoin is negotiated at $ 88,118.
Regarding the Altcoin market, Van de Poppe says he has an eye on the total 3 graph, an alt index which follows the market capitalization of all cryptographic assets outside Bitcoin, Ethereum (ETH) and Stablecoins.
Van de Poppe says that it will remain optimistic on the Altcoin market as long as Total3 remains above a level of key support.
“The market capitalization of Altcoin seems good for the upward continuation.
If it remains greater than $ 750 billion, we can continue to go to the next impetus. »»
At the time of writing, Total 3 is negotiated at 816.26 billion dollars.
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