A widely followed crypto analyst is recommending a method for bitcoin (BTC) traders to buy their ticket to the moon.
Crypto trader Michael van de Poppe says His 627,700 Twitter followers will accumulate BTC by next year.
“People are really waiting;
So, now bitcoin moon or doom?
We can’t tell so soon after an incident like this; This needs some time.
The markets are pricing the worst, but all I can say is that now is the period until 2023 to accumulate. ,
At $18,950 with bitcoin trading at the time of writing, Van de Pope claims King Crypto must recover $19,000 to maintain the bullish momentum.
“Bitcoin is literally making fakes in the FOMC” [Federal Open Market Committee] Competition.
I’m not sure we’re seeing the trend already. Maybe the direction will come today/tomorrow.
For now, bitcoin needs to reclaim $19,000 to be any bullish.”
merchant Express That he wants to go long on BTC and the general crypto markets here and wait for a possible short drop.
“I’d still rather stay here longer in the crypto markets than wait for $12,000-14,000.”
In light of yesterday’s 75 basis point interest rate hike, Van de Pope They say The crypto markets are reacting favorably to crypto, especially the US Dollar Index (DXY).
“Very good response on the markets.
DXY is falling.
Yield is slightly reduced.
bitcoin up. ,
DXY is a relative measure of the strength of the US dollar. A weaker DXY is generally better for a crypto asset.
Looking at his DXY chart, Van de Poppe sees Bearish divergences “everywhere.”
“Bearish divergence everywhere on the chart for DXY.”
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