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Michael van de Poppe: Nasdaq and other indexes fall sharply as Bitcoin drops

Michael van de Poppe: Nasdaq and other indexes fall sharply as Bitcoin drops
Markets and Bitcoin decline as support breaks

Nasdaq and other equity indices are falling sharply, and Bitcoin is also declining. Oil and yields remain down, according to Michael van de Poppe. He added that his key support level for Bitcoin did not hold.

Van de Poppe recently linked renewed declines in bitcoin and altcoins to increased volatility in the Korea market (see article). He has also highlighted risks for bitcoin after a recent sweep of lows, cautioning about the potential for a move below $75,000 if another low is reached (see article). These earlier observations come as key support levels for bitcoin continue to face pressure.

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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