- Michael Van de Poppe has expressed his view on the recent Bitcoin bearish market.
- Along with Bitcoin, he said that March is expected to be a season for altcoins.
Crypto analyst Michael Van de Poppe has expressed his thoughts concerning the recent rise and fall of the Bitcoin market. Alongside Bitcoin, he has predicted that March could be a favorable month for altcoins.
Moreover, Van de Poppe has shown diagrammatically how Bitcoins can possibly perform in March. BTC price chart shields more light on how the entire crypto market will look like not only today but as the days go by.
Based on the above BTC price chart, Van de Poppe said that the recent Bitcoin market did not fall on a straight line. However, this caused a fluctuation and correction within the Bitcoin price.
Again, Van de Poppe said that if Bitcoin shows a steady price above the green wave, anyone trading in BTC/USD will see a rise per their bid.
He said,
What’s Next For March I Think We Can Have Some Sideways, Boring Period. Maybe Some Altcoins Going Left And Right As Some Have Been Doing Well… Kusama (KSM), Serum (SRM), Solana (SOL), Have Been Doing Well. But The Real Altcoin Summer Should Be Happening At The End Stage Of March And Then Crawling Up Towards The Summer Where Everything Is Going To Run.
Nonetheless, Van de Poppe advised crypto lovers to stay strong despite Bitcoin’s unstable performance. Bitcoin’s price will soon be stable with 21 Weighted Moving Average (WMA), he said.
Due to MicroStrategy’s recent BTC purchase alongside many other companies, Van de Poppe said that Bitcoin still stands unshakeable.
According to CoinGecko, Bitcoin’s price is $45,446, with a 24-hour trading volume of $54,784 at the time of writing.
This article first published on CoinQuora -Latest Cryptocurrency and Blockchain News.
