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Michaël van de Poppe: Bitcoin correction not yet over
Crypto analyst says Bitcoin correction likely not yet over
Van de Poppe tells his 136,000 YouTube subscribers that Bitcoin could drop further before recovery.
”Fibonacci extension tool” points to key levels
Van de Poppe uses the Fibonacci extension tool to identify key levels to watch, including the previous high, low, and key figure to watch around $57,000.
”Sustained recovery” required
Van de Poppe expects Bitcoin to continue its pullback, but believes the largest cryptocurrency will surge between 25%-50% once it regains its bullish momentum.
”Daily time frame” analysis
Van de Poppe expects Bitcoin to make a slight bearish divergence and then a slight reversal on the daily time frame, but believes the next impulse wave will bring prices back towards $90,000.
Ethereum vs. Bitcoin
Van de Poppe wants to see Ethereum move above 0.066 BTC ($4,012) before taking entries.
”Reclaim” levels
Van de Poppe wants to see Ethereum reclaim