Cryptocurrency expert Michael van de Poppe highlighted an significant indicator that suggests Bitcoin could make a significant rebound from its current price level. This is in line with the flagship crypto last drop below $60,000.
CME BTC Loophole Has Been Closed
Van de Poppe Revealed on X (formerly Twitter) fasting This Bitcoin CME Loophole closed and added that it was time for the crypto token to feel the relief of a rebound from its current price level. From the chart he shared, Bitcoin It will regain $60,000 as support before moving further up.
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Cryptocurrency Analyst Mkybull Crypto he also confirmed that the CME gap has been filled. Similar to Van de Poppe’s prediction, the analyst expects Bitcoin to reclaim the $60,000 range and will likely continue its uptrend. Mikybull Crypto revealed that Bitcoin has completed its inverse head and shoulders pattern on the daily chart. He predicted that the flagship cryptocurrency could reach a minimum breakout target of $70,000 once it successfully breaks above $62,000.
Mikybull Crypto also mentioned that Moving Average Convergence/Divergence (MACD) indicator indicates that a bullish cross is imminent for Bitcoin. He noted that this indicates the strength of the flagship cryptocurrency and that its price is ready to rise. The crypto analyst is also undeterred by Bitcoin’s recent tender performance, as he is confident that a parabolic rally will happen soon.
Contrary to what some might think, he claimed that top of the cycle is not yet and that this is simply the “final shake-up” before the market top. Based on the chart shared, he predicts that Bitcoin will continue to rise above $100,000 and will likely reach $130,000. The analyst had previously mentioned between $138,000 and $150,000 as “optimal targets for Bitcoin in this running of the bulls.”
What’s next for bitcoin?
As Bitcoin fails to stay above $60,000, bearish calls are becoming increasingly deafening in the cryptocurrency community, with some predicting that the flagship cryptocurrency could fall into the $40,000 range Coming Soon. CrediBULL Crypto Analyst taken over that “there is still a lot of work to be done” for Bitcoin to fall out of this range, suggesting that it is unlikely to happen anytime soon.
He also provided insight into what will likely happen to Bitcoin at its current price level. According to CrediBULL Cryptocurrenciesthere is a chance that Bitcoin will break the $58,000 low, hold a higher low above the $56,000 low, and then reverse from that level. He also raised the probability that Bitcoin will fall to Demand area $53,000 if the level of $56,000 is exceeded.
Additionally, the crypto analyst mentioned that $40,000 could become possible if Bitcoin fails to stay above $53,000. However, he believes that a scenario where Bitcoin falls to $40,000 is “least likely.” He noted that it is not something anyone should put “a lot of weight” on. This time.”
Featured image created with Dall.E, chart from Tradingview.com
