“Don’t Fear” – Crypto Trader Says Bull Market Is Still Ongoing Despite Bitcoin’s Correction Overnight
A widely followed crypto analyst is warning traders to be concerned about Bitcoin (BTC)'s nearly 5% decline in the last 24 hours.
Crypto analyst Michaël van de Poppe tells his 702,300 followers on the social media platform X that market corrections can be seen as opportunities for traders.
“Bitcoin fell 7-8% overnight.
Altcoins have followed this correction and markets are taking a breather.
I think we are probably close to the pre-halving peak.
The corrections here remain as opportunities through which altcoins are likely to follow Bitcoin to an all-time high.”
Van de Poppe goes on to say that from a technical perspective, a decline in BTC is to be expected.
“From a technical perspective for Bitcoin;
– Lower volumes in the uptrend
– Combined with a bearish divergence
A valid correction is taking place, which is normal.
The chances are good that the peak will be reached before the halving.
Ultimately, there are signs of a rally in altcoins.”
Source: Michael van de Poppe/X
Additionally, the analyst reiterates his point that traders can view dips as opportunities to enter the markets.
“I've mentioned it a few times, but in the markets you don't chase green candles.
They look forward to days like this. I'm eager to find the fixes because that will give you a head start.
Altcoins down 10-15%? All right, let’s put something in.”
Finally, Van de Poppe says that traders should not be afraid of BTC’s decline.
“Don’t worry, we are at the beginning of a bull cycle.
Enjoy the dips.”
At the time of writing, BTC is worth $68,353, down 4.7% in the last 24 hours.
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