Bitcoin, the leading cryptocurrency, fell to $ 40,200 with consecutive corrections. At this point, while these declines made investors nervous, a positive post came from popular analyst Michael van de Poppe.
Pointing out that BTC has made serious corrections at this point, the analyst stated that BTC is testing the liquidity below the low levels it has tested without entering further.
Stating that the correction is over, Poppe claimed that Bitcoin will rise to $47,000-$50,000 before ETF approval.
Finally, the analyst stated that these levels are the bottom in Bitcoin and advised investors to buy the bottoms.
“Bitcoin tested the bottoms, it did not take the liquidity below the bottoms.
Anyway, it looks like the correction is over and we will likely test $47,000-$50,000 before the ETF.
Buy the dips.”
Bitcoin continues to trade at $42,730 at the time of writing.
#Bitcoin did test the lows, didn't take the liquidity beneath the lows.
Anyway, correction seems over and pre-ETF we're likely to test $47-50K.
Buy the dips. pic.twitter.com/Ar4mqvYRjJ
— Michaël van de Poppe (@CryptoMichNL) December 19, 2023
*This is not investment advice.
