A widely followed crypto analyst is warning traders not to worry as Bitcoin (BTC) has fallen nearly 5% in the past 24 hours.
Cryptocurrency analyst Michael van de Poppe To tell His 702,300 followers on social media platform X claim that the market correction can be seen as an opportunity for traders.
“Bitcoin fell 7-8% overnight.
Altcoins have also followed this correction, giving the market a breather.
I think it's probably nearing its pre-halving peak.
This correction remains an opportunity through which altcoins are likely to follow Bitcoin to new all-time highs. ”
Van de Poppe continued: technical The way things look at it is that BTC is expected to fall.
“From a technical perspective of Bitcoin,
– Reduce volume with upward grind
– Combined with bearish divergence
A valid fix will occur, which is normal.
There is a possibility that the peak before the halving will end.
Eventually, altcoins will rise on the horizon. ”
Furthermore, the analyst repeat his claim This means that traders can view declines as an opportunity to jump into the market.
“As I have said several times, we do not chase green candles in the market.
You look forward to days like today. Look for fixes diligently. Because that's when you'll have an advantage.
Are altcoins down 10-15%? Okay, let's scale it up a little bit. ”
Finally, Van de Poppe To tell Traders need not fear a fall in BTC.
“No need to fear, we are at the beginning of a bullish cycle.
Enjoy your dip! ”
At the time of writing, the value of BTC was $68,353, down 4.7% in the past 24 hours.
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me twitterFacebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sensvector/EB Adventure Photography
