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Sideways Price Movement May Continue for the Next Few Months

Published 28/08/2023, 08:41
Sideways Price Movement May Continue for the Next Few Months
BTC/USD
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  • The popular analyst Michael van de Poppe shed some light on the current state of the market in his latest tweet.
  • According to the analyst, the current market cycle is reminiscent of the 2015 market which recorded prolonged sideways movement.
  • Van de Poppe noted that recent bullish developments in the market are overshadowed by overwhelming bearish sentiment.

Michael van de Poppe, a renowned cryptocurrency trader and analyst, recently took to Twitter to address investors’ concerns and shed light on the current quiet state of the cryptocurrency market. In his insightful tweet, he delved into the historical context of Bitcoin’s cycles and provided his perspective on the current bear market.

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