Cryptocurrency analyst Michaël van de Poppe presented his evaluations of the general cryptocurrency market in his statement.
According to the analyst, Bitcoin price is currently trading in a low range. In his statement, Van de Poppe argued that if current levels cannot be maintained, there may be a correction to 52 thousand dollars to 55 thousand dollars.
Commenting on the Ethereum Spot ETFs, whose decision is now approaching, the analyst said that he thinks the ETFs will not be approved this month.
According to the analyst, although there will be no approval, he said that he thinks there will be a 60-day period for a new decision to be made and there will be important moments for the markets again in July-August.
In addition, the analyst evaluated two more altcoins: Injective (INJ) and Arbitrum (ARB).
According to the analyst, the hype for INJ is slowly over as the token has lost 70% of its value against Bitcoin. The analyst said he is bullish for current regions.
According to the analyst, ARB has experienced a correction and is now about to exit a correction.
*This is not investment advice.