Van de Poppe Looks Into Bitcoin, After Correctly Predicting The Correction
A leading crypto analyst and trader, Michaël van de Poppe, is looking into the current situation with Bitcoin to map out where the leading crypto asset is going to move from here.
Van de Poppe shared with his 518K followers on Twitter that despite many thinking Bitcoin will hit the cycle in December, he was expecting BTC leading the market to correct and leaving many thinking that the bull market is over. Just hours later the market crashed.
“The scenario is very simple.
– People expected a peak bull run in December. Not happening.
– Let the market correct due to that.
– People will expect a bear market at the low (approx. $47,000-$50,000).
– Moon the markets and leave everyone behind.
Supercycle.”
The scenario is very simple.
▫️ People expected a peak bull run in December. Not happening. ▫️ Let the market correct due to that. ▫️ People will expect a bear market at the low (approx. $47-50K). ▫️ Moon the markets and leave everyone behind.
Van de Poppe maps out in his charts a scenario where Bitcoin will print a V-shaped reversal or a sharp rally where BTC revisits its all-time high around $69,000 by early next year.
“Rounding off the day with this chart on Bitcoin.
I think that the chances for a V-shape recovery are there.
We’ll see coming week how it unfolds, but these bounces are significant and good.”
