Michael van de Poppe: Crypto markets shift risk-off as U.S. trading ends

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Michael van de Poppe: Crypto markets shift risk-off as U.S. trading ends — Crypto markets turn risk-off after U.S. close

Michael van de Poppe observed a significant bounce in market activity just before trading concluded in the United States on Thursday.

He suggests that crypto assets may adopt a risk-off approach over the weekend, driven by concerns about the developments related to STRC and SATA anticipated for Monday. Bitcoin is highlighted as a key asset to watch, with its stability seen as critical for the broader market.

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Van de Poppe recently identified critical support levels for Bitcoin at $66,000 and $61,000, noting the significance of the 200-week moving average. He also highlighted that ETH’s daily RSI reached its lowest point on record. Both developments suggest heightened scrutiny on key technical levels this week.

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