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Michael van de Poppe: Bitcoin holds 200-day moving average and approaches $75,000 level

Michael van de Poppe: Bitcoin holds 200-day moving average and approaches $75,000 level
Bitcoin near $75,000 after holding average

Bitcoin is holding its 200-day moving average and is slowly moving upward, according to Michael van de Poppe. He described $75,000 as the first key level for Bitcoin to break, saying that a move above this threshold would be a positive step.

Earlier this year, Michael van de Poppe linked drops in bitcoin and altcoins to renewed Korea market volatility rather than factors intrinsic to crypto markets, as detailed in a prior article. He also recently noted a bitcoin sweep and raised concerns about the risk of a move below $75,000 if another low occurs, according to an earlier report. These observations have come amid shifting technical levels for bitcoin.

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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