2024

Bitcoin

Coin

<ul class="news-points">
 <li>Michaël van de Poppe projects a $60K target for BTC’s potential correction.</li>
 <li>Bitcoin has a resistance wall with $28 billion around the $70,180 price range.</li>
 <li>Michaël voiced skepticism about Bitcoin’s potential to soar to $100K soon.</li>
</ul>
Renowned crypto analyst Michaël van de Poppe has argued that <a href="https://coinedition.com/bracing-for-bitcoins-dip-top-3-altcoins-to-watch/" rel="noopener noreferrer nofollow">Bitcoin</a> 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.&nbsp;
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.
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 The range is relatively defined on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a>. 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. <a href="https://t.co/bUfWn7bSro" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/bUfWn7bSro</a>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1773642305427157257?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 29, 2024</a>
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Specifically, in the chart accompanying the update, Michaël suggested that bearish forces still abound significantly for Bitcoin, especially around the $72K pric…
The post <a href="https://coinedition.com/top-analyst-warns-of-another-severe-correction-sending-bitcoin-to-60k/" rel="noopener noreferrer nofollow">Top Analyst Warns of Another Severe Correction Sending Bitcoin to $60K</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Top Analyst Warns of Another Severe Correction Sending Bitcoin to $60K

Coin Edition

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