Van de Poppe Sees Huge Opportunities With Current Crypto Prices
According to a leading crypto market analyst, Michaël van de Poppe, the current market setup presents “massive opportunities” for traders across the board.
Bitcoin (BTC)
The analyst shared with his 597.3K followers on Twitter that Bitcoin (BTC) could already be nearing the bottom.
“The more I’m starting to see targets like $8,000 or $12,000 for Bitcoin, the more convinced I am we’re getting into the end stages of this downwards run. It’s actually capitulation already. Altcoins are in a bear market for a year. It’s a tremendous opportunity.”
The more I'm starting to see targets like $8K or $12K for #Bitcoin, the more convinced I am we're getting into the end stages of this downwards run.
It's actually capitulation already.#Altcoins are in a bear market for a year.
It's a tremendous opportunity.
— Michaël van de Poppe (@CryptoMichNL) May 9, 2022
— Michaël van de Poppe (@CryptoMichNL) May 10, 2022
At the time of writing, BTC trades below $30K mark at $29,840, down 25% on the weekly chart.
Altcoin Opportunities
According to van de Poppe altcoins will likely remain in a bear market for quite some time. However, he believes that there are huge opportunities altcoin traders right now.
“People don’t want to see that it’s a tremendous opportunity at this point. No, people are busy shouting that we’re going down even more and people are convinced we will. Maybe, we can. Definitely. But the upside is fucking crazy. I’d almost sell a kidney with those prices.”
People don't want to see that it's a tremendous opportunity at this point.
No, people are busy shouting that we're going down even more and people are convinced we will.
Maybe, we can. Definitely.
But the upside is fucking crazy.
I'd almost sell a kidney with those prices.
— Michaël van de Poppe (@CryptoMichNL) May 9, 2022
