- Michaël van de Poppe projects a $60K target for BTC’s potential correction.
- Bitcoin has a resistance wall with $28 billion around the $70,180 price range.
- Michaël voiced skepticism about Bitcoin’s potential to soar to $100K soon.
Renowned crypto analyst Michaël van de Poppe has argued that Bitcoin could experience another severe price correction in the coming days. The view comes amid BTC’s momentum stagnation following its re-entry into the $70K region.
In a recent post on X, Michaël voiced skepticism about Bitcoin’s potential to rocket-launch to $100K soon. He considers the $100K outlook improbable at the moment amid Bitcoin’s resistance barrier.
The range is relatively defined on #Bitcoin.I don't believe we'll blast to $100K all of a sudden and are still following the path of the 4-year cycle, for now.
Consolidating areas at $60K support ranges, areas around ATH to be resistance.
In between chop. pic.twitter.com/bUfWn7bSro
— Michaël van de Poppe (@CryptoMichNL) March 29, 2024
Specifically, in the chart accompanying the update, Michaël suggested that bearish forces still abound significantly for Bitcoin, especially around the $72K pric…
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