Crucial Decision Coming for Bitcoin, Says Crypto Trader Michaël van de Poppe – Here’s His Outlook
A widely followed crypto strategist and trader says that it’s almost time for Bitcoin (BTC) to reveal its hand. Analyst Michaël van de Poppe tells his 718,100 followers on the social media platform X that Bitcoin is at a point where it either attacks a new all-time high or sees another big sell-off event. According to the trader, Bitcoin must hold its immediate support at $60,500 to have a shot at igniting a big burst to the upside. Otherwise, he predicts BTC heading close to $50,000. “Crucial decision is approaching for Bitcoin. The range low at $60,500-$61,000 is still holding up for Bitcoin, through which breaking $63,000 is the next barrier for a new run toward the all-time high. If $60,500 is lost, I think we’ll see $52,000-$55,000 as the next support zone.” Source: Michaël van de Poppe/X At time of writing, Bitcoin is worth $61,514, down nearly 2% in the last 24 hours. The analyst is also keeping a close watch on the TOTAL2 chart, which traders use to