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<ul class="news-points">
 <li>According to Michaël van de Poppe, bullish sentiment for Bitcoin is close to exhaustion.</li>
 <li>Poppe thinks BTC is more prone to dropping with any slight bearish event.</li>
 <li>The analyst predicts an alt season to accompany Bitcoin’s developing consolidation.</li>
</ul>
According to Michaël van de Poppe, CEO of MN Trading, bullish sentiment for Bitcoin is close to exhaustion, as BTC’s current price has factored in nearly all approaching bullish events. The crypto trading expert believes that, as a result, Bitcoin’s price is more prone to dropping, with any slight bearish event impacting it significantly.
In a recently uploaded <a href="https://www.youtube.com/watch?v=aszRLWnmceM" target="_blank" rel="noopener noreferrer nofollow">video</a>, Poppe noted Bitcoin is embarking on a “harsh correction” that may take weeks to complete before consolidating. He thinks Bitcoin retains its pre-halving momentum but will display heightened dynamism in its price movement in the medium term.
The renowned analyst explained that an altcoin season will accompany Bitcoin’s pullback and consolidation. He thinks an Ethereum rally will dominate the season, associated with impressive runs by other altcoins.
Focusing on Bitcoin’s behavior, Poppe revealed a significant drop in the flagship cryptocu…
The post <a href="https://coinedition.com/bitcoins-bullish-sentiment-is-close-to-exhaustion-crypto-analyst/" rel="noopener noreferrer nofollow">Bitcoin is Prone to Drop Following Bullish Sentiment Exhaustion: Analyst</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin is Prone to Drop Following Bullish Sentiment Exhaustion: Analyst

Coin Edition

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