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Michael van de Poppe: Bitcoin sees 50% correction from all-time high as investors weigh further downside

Michael van de Poppe: Bitcoin sees 50% correction from all-time high as investors weigh further downside
Bitcoin falls 50% as buyers wait

Michael van de Poppe commented on the recent price movements of Bitcoin, noting that the cryptocurrency has dropped 50% from its all-time high.

He observed that while many had planned to buy during a significant correction, they are now hesitant and are waiting for a potential additional 10% decline before entering the market.

Van de Poppe has recently identified support zones for Bitcoin at $66,000 and $61,000, highlighting the importance of these levels in current trading. He has also pointed out that ETH’s daily RSI hit its lowest level ever recorded. Both observations come amid continued attention to major cryptocurrency price movements.

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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