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Home»Analysis»With Bitcoin Stumbling, Crypto Trader updates ‘Plan’ as it envisions multiple scenarios for BTC
Analysis

With Bitcoin Stumbling, Crypto Trader updates ‘Plan’ as it envisions multiple scenarios for BTC

2023-07-21No Comments2 Mins Read
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A widely followed crypto analyst envisions different scenarios for Bitcoin (BTC) after the king crypto fell 4.5% in a week.

Crypto trader Michael van de Poppe tells are 660,800 Twitter followers that BTC likely wants to go lower before rallying.

“Probably a lot of volatility and still very likely that we are looking at a case of a sweep down for Bitcoin.

Looking at reclaiming $30,200-30,400 if we want to move up.

Source: Michael van de Poppe/Twitter

Yesterday, the analyst made a similar prediction about BTC’s falling lows ahead of the rally.

“Not breaking the crucial area, it looks like we will have another low for Bitcoin.”

Source: Michael van de Poppe/Twitter

According to Van de Poppe, the plan According to its latest charts, BTC still needs to sweep to the $28,500 level before recovering.

“The plan, if Bitcoin doesn’t get back $30,300.”

Source: Michael van de Poppe/Twitter

Alternatively, the analyst to suggest a scenario where BTC has already bottomed out. In that case, according to Van de Poppe, traders who plan to buy BTC for $29,000 will simply be left behind.

“Imagine Bitcoin breaking above $30,400, leaving all $29,000 buyers behind.”

BTC is worth $29,844 at the time of writing, down 0.5% on the last day.

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Bitcoin BTC Crypto envisions multiple plan Scenarios Stumbling trader Updates
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