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BTC Dropping to $19K Is Inevitable According to Analyst

Published 01/25/2023, 07:00 AM
© Reuters.  BTC Dropping to $19K Is Inevitable According to Analyst

  • Michael van de Poppe tweeted that BTC dropping to $19k is inevitable.
  • The analyst says that the market is overpriced.
  • Investors should keep an eye on the support level at $21.1k.

The crypto analyst, Michael van de Poppe, tweeted his latest analysis for the crypto market leader, Bitcoin (BTC), today as BTC faces what he refers to as “big numbers” with the GDP and PMI data coming in this week.

Van de Poppe stated that BTC, as well as altcoins, have been in some form of consolidation over the last week and have not posted any new highs during this period. The analyst also highlighted the 50% run that BTC’s price experienced since the beginning of this year.

Looking at the market cap for the crypto market shows that the crypto market rallied somewhat to above the $1 trillion mark. As a result, the global

The post BTC Dropping to $19K Is Inevitable According to Analyst appeared first on Coin Edition.

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