Bitcoin (BTC)Crypto News

A closely-following analyst says crypto markets are nearing the end of their downtrend and predicts a rally for Bitcoin (BTC)

Popular digital asset analyst Michaël van de Poppe believes that traders have “massive opportunities everywhere” amid this downturn in the crypto market.
Van de Poppe tells his 595,600 Twitter followers that Bitcoin (BTC) could already be nearing the end of its bearish slump.

“The more I see targets like $8k or $12k for bitcoin, the more confident I am that we are entering the final stages of this downtrend. That’s actually already capitulation.”

The analyst also highlights the $34,000 region as a key question Bitcoin needs to answer.

“That’s still the question here for bitcoin.”
Source: CryptoMichNL/Twitter
Bitcoin is trading at $30,893.19 at the time of writing, almost flat over the past 24 hours.

our recommendation A closely-following analyst says crypto markets are nearing the end of their downtrend and predicts a rally for Bitcoin (BTC), Crypto Trading News

Van de Poppe believes that altcoins will grow in a year bear market will be located. Still, he says there are great opportunities for traders.

“People don’t want to see it’s a tremendous opportunity at this point. No, people are busy screaming that we’re going to go deeper, and people are convinced that we will. Maybe we can. Definitive. But the top is fucking crazy. At these prices, I would almost sell a kidney.”

The analyst argues that one of these possibilities is the decentralized oracle network chainlink (SHORTCUT).

“Level hit for Chainlink.

Huge opportunities everywhere.”
A closely-following analyst says crypto markets are nearing the end of their downtrend and predicts a rally for Bitcoin (BTC), Crypto Trading NewsSource: CryptoMichNL/Twitter
LINK is trading at $8.57 at the time of writing, up nearly 2.5% over the past 24 hours.
Check the price action

Source: Crypto News Deutsch

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