Popular analyst and trader Michaël van de Poppe stated that Bitcoin (BTC) will not fall much further.
Following the general market decline, Bitcoin’s retracement to the $60,900 level, Michaël van de Poppe shared his prediction.
The experienced analyst indicated that the decline may end at this point and implied that there could be a sudden drop and recovery to $60,000 during or before the announcement of the US interest rates this evening.
Implying that this decline before the halving could create an opportunity, Poppe stated the following details in his statement:
I don’t believe we will go much lower, maybe we will test $60,000 today around FOMC, and then we will have defined the lowest level for now. Declines before the halving are important for the potential for rise.
