Michaël van de Poppe offers insights amid bearish trends for Bitcoin and upcoming FOMC decision
a warning to Bitcoin investors, suggesting that the premier cryptocurrency could soon test the $60,000 mark. The forecast comes as Bitcoin displays signs of a bearish trend, with recent price actions capturing the attention of many in the crypto space.Van de Poppe explained that Bitcoin had reached an area of interest to him. He expressed his belief that the price might stay pretty much the same, suggesting that it could test the $60K level around the time of the U.S.
The chart shared by Van de Poppe depicts a clear downward trend in Bitcoin's value, with the cryptocurrency experiencing a bearish divergence, which remains valid through rejection at the $72K area. The pattern highlighted suggests a downturn from recent highs, with a significant level of support anticipated around the $60,000 mark. This primary area for a potential low could serve as a critical juncture for Bitcoin.
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