Crypto analyst calls the critical level of support for bitcoin
According to Michaël van de Poppe, the asset should hold at $19 300
18.09.2022 - 07:30
302
1 min
0
The material is not an investment recommendation and is published for informational purposes only.
What’s new? Crypto analyst and trader Michaël van de Poppe explained the level at which bitcoin should hold to avoid a further drop in price. In his opinion, it is the $19 300 mark, and if the asset does not hold at it, it can fall to $18 500-17 500 and set new lows. He said this in a YouTube video.
What else did the crypto analyst say? Van de Poppe suggested that the value of bitcoin should not be expected to make a serious move until the US Federal Reserve (Fed) meeting next week.
As of September 17, 12:45 UTC, bitcoin is trading at $19 839, having gained 0,28% overnight, according to Binance.
Earlier, Clem Chambers, head of the cryptocurrency website ADVFN, said the price of bitcoin could fall as low as $10 000 if it declines to the $17 000 level. According to Chambers, BTC could bottom twice within the relevant pattern, after which an active rise to $40 000 is possible.
Useful material?
Incidents
Roger Ver has been accused of not paying taxes
May 1, 2024
Mining
After the publication of the financial report, the company’s shares added 5%
Apr 30, 2024
Market
The commission had previously warned the developer of potential enforcement actions
Apr 29, 2024
Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024