- Michael van de Poppe tweeted yesterday that BTC is trading in a crucial area.
- The analyst predicted that a rejection from this resistance may lead to a steep drop in BTC’s price.
- At press time, the market leader was trading at $29,786.84 after it dropped 0.43% in the past 24 hours.
The renowned trader and analyst Michael van de Poppe shared in a tweet yesterday that Bitcoin (BTC) is trading in a “crucial area” that it needs to break. In the post, he predicted that if the leading crypto is able to break above $30,308 then it may climb to higher highs. On the other hand, rejection from this price point could see BTC’s price drop drastically.
The crucial area for #Bitcoin to break.If we do, it's party time and we'll go to highs.
If this is again a fake-out, embrace yourself.
The volatility will be getting there next week. pic.twitter.com/aDIu7BeGEU
— Michaël van de Poppe (@CryptoMichNL) July 23, 2023
Daily chart for BTC/USDT (Source: TradingView)
BTC’s price had attempted to break above $30,308 yesterday but was unable to close the day’s trading session above this significant resistance level. This forced the cryptocurrency’s price to drop bel…
The post High Volatility May Be on the Horizon for BTC, Predicts Analyst appeared first on Coin Edition.
The post High Volatility May Be on the Horizon for BTC, Predicts Analyst appeared first on Coin Edition.