Crypto analyst Michaël van de Poppe warned traders in his latest post on X against expecting a rapid rise in Bitcoin, despite its current price of around $109,000.
In his opinion, the market is in a phase of consolidation after the expiration of options worth $10.1 billion, which enhances volatility. Van de Poppe points to a high probability of a correction, as the RSI on daily charts signals overbought conditions, and trading volumes are declining. He forecasts a possible drop to $90,000–$95,000 before a new upward movement. The analyst emphasizes that fundamental factors, such as the establishment of a crypto reserve in the U.S. and the growth of ETFs, support a long-term bullish trend, but short-term hopes for a 'monthly' rise are unrealistic.
Van de Poppe advises investors to pay attention to altcoins that may show more dynamic growth in the current cycle. His analysis has sparked lively discussions in the crypto community, where some traders expect a continuation of the rally, citing historical data on post-halving growth. However, Van de Poppe's cautious approach emphasizes the importance of risk management.
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