It’s been revealed that Bitcoin has to make a move in order to avoid a nuke. Check out the latest reports about all this below.
Bitcoin has to make a move to avoid a nuke
It’s been just revealed that a popular crypto analyst is outlining what level Bitcoin (BTC) needs to hold in order to avoid plunging further in price.
In a new YouTube video, top crypto strategist Michaël van de Poppe said that BTC needs to hold around $19,300 “in order to avoid a nuke.”
“Because if we lose $19,300, the chances are that we’re going to… go briefly beneath $18,500 and make new lows, especially after the last candle, that’s going to be hard for us.”
He continued and said:
“This is the final support, and if this support doesn’t really hold or provide any support at all, it is very likely that we’re going to nuke furthest downwards towards $17,500 to $18,500… and then we’re going to seek for a support there.”
He also noted that Bitcoin will likely not make a major move until the U.S. Federal Reserve meeting next week when traders and investors will get more information on the direction of risk-on assets like Bitcoin and crypto.
“Next week is the Fed meeting. I will not be [surprised] if we just continue sliding a little bit or consolidating until we get the feel from the Fed.”
Bitcoin opportunity arises
In a new YouTube video, top crypto strategist Michaël van de Poppe said that BTC needs to hold around $19,300 “in order to avoid a nuke.”
The analyst suggests that BTC investors who are buying in the bear market will always come out ahead.
“People who bought BTC a little too early in the Bear Market (eg at $35,000) will outperform people who watched when BTC was at $20,000 but didn’t do anything about it.”
