Analyst: Cryptocurrencies often experience adjustments in the week before the Federal Reserve meeting, pullbacks may end on Tuesday and start to rebound

BlockBeats news, on May 4th, according to Cointelegraph, crypto analyst Michaël van de Poppe stated, "Although Bitcoin has recently rebounded strongly, there is still enough room to pull back to support levels. I would prefer to see Bitcoin remain above $91,500 to $92,000. For me, this will validate the continuation of the upward trend, as the previous range support has once again become effective support, which means that we can expect to continue challenging historical highs (ATH). Cryptocurrencies and altcoins often tend to adjust in the week before the Federal Reserve meeting, speculating that this round of adjustment will end around Tuesday and then begin to rebound."