“There May Be Some Healthy Correction”

Michaël van de Poppe, one of the most well-known cryptocurrency analysts, shared his latest ideas about Bitcoin in his statement.

Van de Poppe said that his basic scenario for the Bitcoin price is a rise to $46,000 followed by a rejection at this level and a correction below $40,000.

He argued that liquidity could be withdrawn from the BTC market at this level, and with the chain reaction in the markets, FUD and incorrect negative sentiment would occur. However, the analyst said that a correction in the BTC price would be healthy.

In his statement, Van de Poppe claimed that one should be patient and that the next two years will have ups and downs, but then Bitcoin will rise to even higher levels than imagined.

Referring to altcoins in his previous statement, Van de Poppe argued that LINK was ready to continue its rise after sweeping the low levels. According to the analyst, as long as LINK price remains above $13.50 to $14.25, it can move towards $25-30.

Van de Poppe’s X account was taken over by hackers this morning and some fraudulent posts were made. The analyst said that this hack occurred despite turning on two-factor authentication on account X.

*This is not investment advice.