Michael van de Poppe analyzes Bitcoin liquidity dynamics
@CryptoMichNL: van de Poppe on Bitcoin liquidity
Michael van de Poppe, a renowned cryptocurrency strategist, addresses Bitcoin's recent price action.
In his latest update on Twitter, Michael van de Poppe observes that Bitcoin has breached the liquidity beneath its recent low and descended into what he describes as a ''green zone''. This area signifies a potential buying territory for many investors. According to van de Poppe, a further decline to below $78,000, marked by a potential wick, might represent the final destination for this movement. He notes that a significant volume surge has been detected across various exchanges, likening the current volume on Binance to one of the most substantial in recent memory. Such volume dynamics are typically indicative of heightened market activity and potential price turning points.
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In the previous news, Michael van de Poppe talked about the potential of Bitcoin to 'exceed $100,000' and Ethereum crossing $3,000, emphasizing altcoin performance.
