World Famous Oracle Reveals 4 Levels Critical To Bitcoin!
Bitcoin (BTC), the leading cryptocurrency, recently displayed interesting price movements. Bitcoin experienced a drastic correction after bouncing to $ 19,500 levels. BTC dropped to $ 16,200, wiping out more than $ 3,000. This decline in the leading crypto currency affected the entire market and altcoins suffered serious losses. Ethereum and Ripple fell below critical levels with intense selling pressure. World-renowned analyst Michaël van de Poppe commented on the market after these sharp drops in BTC and altcoins.
Michaël van de Poppe reveals levels to stop the decline in Bitcoin
Coinputin.com – Bitcoin (BTC), the leading cryptocurrency, recently declined from $ 19,500 to $ 16,200. After the $ 3,300 correction in Bitcoin, the question of investors is whether the decline will continue. Veteran analyst Peter Brandt refers to the 2015-2017 Bitcoin bull market, where there were nine notable corrections with an average drop of 37%. Peter Brandt states that a 37% drop from BTC’s recent high would drive prices to $ 12,300.
Although Peter Brandt expects a painful Bitcoin pullback, world-renowned crypto analyst Michaël van de Poppe does not think BTC will drop to $ 12,000. In his new analysis, Michaël van de Poppe explains levels at which buyers will likely step in and stop BTC bleeding. Michaël van de Poppe makes the following statement on the subject:
IF WE NOW USE HIGHER TIME ZONE GRAPHICS, WE SEE THERE THERE ARE SOME CRITICAL LEVELS THAT THE MARKET MUST HOLD, THAT IS THE REGION BETWEEN 15,800 DOLLARS TO 16,300 DOLLARS. SHOULD PROVIDE SUPPORT IN GENERAL… ALSO THERE IS ONE BETWEEN 13,600 DOLLAR TO 14,000 DOLLAR WHICH IS THE HIGHEST LEVEL OF THE SUMMER. IT IS NOT POSSIBLE THAT WE BREAK TO A POINT FURTHER THAT TO 12,000 DOLLARS. I THINK THE LEVEL BETWEEN 13,600 DOLLARS TO 14,000 DOLLARS, THE LEVEL WE WILL CONTINUE FROM NOW.
Here are the successful predictions of famous analyst Michael van de Poppe
Famous analyst Michael van de Poppe accurately predicted the altcoin season in the first quarter of 2020. In addition, the analyst informed about the recent declines of Bitcoin hours in advance. Apart from that, the master analyst has other successful BTC predictions.