A widely followed crypto analyst breaks down Bitcoin (BTC) as the leading crypto by market cap surges on the price charts.
Crypto trader Michaël van de Poppe tells his 667,500 followers on social media platform X that BTC’s “crucial” levels are around $26,700 and $28,000.
“The upswing in Bitcoin continues.
Let’s see what happens after the FOMC (Federal Open Market Committee).
Key values for me: $26,700 and $28,000. Everything in between is simply hacked.
Break above $28,000 -> interest in long positions.
Falling below $26,700 -> buying $26,000.”
Source: Michael van de Poppe/X
The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System and is tasked with setting monetary policy to achieve maximum employment and stable prices.
After the FOMC meeting on Wednesday, Van de Poppe said he expects a “relief bounce” for BTC soon.
“Bitcoin is still at a crucial level here that should hold.
Markets correct after FOMC meeting (dotplot super restrictive).
I expect a recovery after the US open and depending on that, Bitcoin stays above $26,500.”
Source: Michael van de Poppe/X
According to crypto analyst, Bitcoin will crash again.
“Bitcoin is in chaos again.
I think we will continue to do that so that the funding game continues.”
Source: Michael van de Poppe/X
At the time of writing, BTC is worth $26,680, up 0.4% over the past seven days.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check price action
Follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Check out the latest headlines
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct their due diligence before making any risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and transactions are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
Featured image: Shutterstock/diversepixel/Natalia Siiatovskaia
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.