A popular crypto strategist believes that the next few days will be crucial for the future prospects of Bitcoin (BTC).
Crypto analyst Michaël van de Poppe tells his 657,000 Twitter followers that he’s looking for BTC to retest the 200-week moving average (MA) as support.
According to Van de Poppe, a successful retest of the key technical indicator could suggest that the Bitcoin correction has concluded.
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“If you go back in history, the 200-(week) MA retest is a great period to accumulate.
In the past six months, Bitcoin has been swimming beneath for a long period, making it the most undervalued since existence.
Next week is make-or-break. Fast breakout upwards -> end of correction.”
Source: Van de Poppe/Twitter
At time of writing, the 200-week moving
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