‘Don’t Be Afraid’ – Crypto Trader Says Bull Market Is Still On Despite Bitcoin’s Overnight Correction – The Daily Hodl

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.”

Source: Michaël van de Poppe/X

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.

Don't miss a moment – Subscribe to receive email alerts directly to your inbox

Check price action

Follow us Twitter, Facebook and Telegram

Browse Hodl's Daily Blend


Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and trading are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sensvector/EB Adventure Photography

Leave a Comment


No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *