Is Bitcoin Hurtling Towards $30,000? Top Crypto Trader Outlines Possible Scenarios for BTC After Price Dip

Is Bitcoin Hurtling Towards $30,000? Top Crypto Trader Outlines Possible Scenarios for BTC After Price Dip


Crypto analyst Michaël van de Poppe is laying out the next possible steps for Bitcoin (BTC) after it tumbled in price on Thursday.

In a new strategy session, Van de Poppe tells his 165,000 YouTube subscribers that Bitcoin “slammed through a few support levels” on Thursday after the equities indices registered sharp moves down.

“Given that the move itself is so impulsive, it usually takes liquidity beneath there [$37,000] and given that that resulted into taking liquidity beneath these lows [$37,000], it started to shoot even heavier, resulting in this big volume spike.”

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Van de Poppe also highlights that the corrective move on May 5th registered the highest volume surge on the two-hour chart since December when Bitcoin collapsed from $56,000 to $42,000.

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