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Michael van de Poppe: Bitcoin could face deeper correction by end of month

Michael van de Poppe: Bitcoin could face deeper correction by end of month
Bitcoin faces potential end-month correction

Bitcoin may be heading toward a deeper correction by months' end, according to Michael van de Poppe. The analyst observed that Bitcoin is currently showing weakness and that a potential sweep of the lows could occur soon.

Van de Poppe added that, despite current market conditions, he remains interested in buying during any pronounced dips.

Earlier this year, van de Poppe identified a subdued Bitcoin bull run, citing limited upside volatility and muted returns in 2024 here. He also recently linked a Bitcoin price crash to derivative market pressures, noting potential for a trend reversal here. The analyst has continued to monitor near-term market developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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