Cryptocurrency analyst Michaël van de Poppe evaluated the recent movements in the financial markets, noting that Bitcoin appeared bearish while the Nasdaq and SPX hardly moved, bond yields fell and gold rose.
Michaël van de Poppe Announces Two Critical Levels in Bitcoin Price
In a recent statement, van de Poppe said that current levels to watch for Bitcoin are around $28.2K, with a lower support zone at $27,000.
Van de Poppe also suggested that Bitcoin’s movement could be an indicator for other indices as well, stating that these indices may be ready to do the same. As of now, DXY appears to be consolidating, indicating that there may be some uncertainty in the markets.
Nasdaq & SPX barely moving on the day.
Yields drop.$DXY consolidates.
Gold is up.
Yet, #Bitcoin is down.
Indices are ready to follow?
Levels to watch: This zone around $28.2K for #Bitcoin and $27K.
— Michaël van de Poppe (@CryptoMichNL) April 20, 2023
Michaël van de Poppe is a well-known crypto trader and analyst who has been in the crypto space since 2013. He is best known as the CEO and founder of Eight, a platform that offers crypto trading courses, signals, newsletters and community support.
*Not investment advice.