A widely followed crypto analyst warns traders not to worry about Bitcoin (btc) drop of almost 5% in the last 24 hours.
The cryptanalyst Michaël van de Poppe says his 702,300 followers on social media platform X that market corrections can be seen as opportunities for traders.
“Bitcoin fell 7% to 8% overnight.
Altcoins have followed this correction and markets are taking a breather.
I think we're probably close to the pre-halving peak.
Corrections remain here as opportunities, through which altcoins are likely to follow Bitcoin to an all-time high.”
Van de Poppe goes on to say that, since technical From the look of things, the fall of BTC is expected.
“From a technical point of view for Bitcoin;
– Lower volumes in the ascending routine
– Combined with a bearish divergence
A valid correction is occurring, which is normal.
The chances of the pre-halving spike being completed are there.
Ultimately, Altcoins will rally on the horizon.”
Furthermore, the analyst reiterates his point that traders can see dips as opportunities to jump into the markets.
“I mentioned it several times, but green candles are not pursued in the markets.
You are anxious about days like today. Eager to look for the fixes, because that's when you get your edge.
Altcoins fell 10-15%? Alright, let’s ramp it up a bit.”
Finally, Van de Poppe says Traders should not fear BTC pullback.
“Do not be afraid, we are at the beginning of an upward cycle.
“Enjoy the sauces.”
BTC is worth $68,353 at the time of writing, down 4.7% in the last 24 hours.
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