Bitcoin's Consolidation A Prelude To A Big Breakout, Predicts Popular Crypto Trader: Here's What Next For King Crypto
Bitcoin's Consolidation A Prelude To A Big Breakout, Predicts Popular Crypto Trader: Here's What Next For King Crypto
Popular cryptocurrency trader and analyst Michael van de Poppe suggested that Bitcoin's (CRYPTO: BTC) compression could be a sign of an impending major breakout.
知名的加密貨幣交易員和分析師Michael van de Poppe表示,比特幣(CRYPTO: BTC)的擠壓可能是即將到來的重大突破的跡象。
What Happened: Known for discussing strategies around cryptocurrency portfolios and picking the assets to invest in, Van de Poppe drew attention to Bitcoin's sideways movement in a video shared via his official YouTube channel Sunday.
事件經過:以討論加密貨幣投資組合策略和選擇投資資產而聞名的Van de Poppe在通過官方YouTube頻道分享的視頻中,引起了人們對比特幣橫盤運動的關注。
"Usually when the markets are compressing or when the price is just consolidating and becomes more narrow, that is pretty much the waiting period before the big breakout takes place," he predicted.
「通常情況下,當市場擠壓或價格只是趨於穩定並變得更加狹窄時,這幾乎就是大突破發生之前的等待期,」他預測道。
Van De Poppe added that Bitcoin was struggling to lift to the crucial range low level between $61,000 and $62,000 but the moment it breaks to that level, it will be ready to scale new all-time highs.
Van De Poppe補充說,比特幣一直在努力突破61,000美元和62,000美元之間的關鍵區間低位水平,但一旦突破到該水平,它將準備好創新的歷史最高點。
On the contrary, if King Crypto fails to retain $56,000 as a crucial support level, it might sink further to the mid $40,000s, invalidating the bullish narrative.
相反,如果加密之王無法保持56,000美元作爲重要支撐水平,它可能會進一步下跌至中期40,000美元,從而使看漲的故事無效。
New Video Update!
— Michaël van de Poppe (@CryptoMichNL) August 25, 2024
Date: August 25, 2024
Watch here:
The markets have been doing well, and #Altcoins are starting to bounce upward, but what's next?
In my latest video, I'm diving into the most recent news, key upcoming events, some intriguing #Altcoins...
新視頻更新!
— Michaël van de Poppe (@CryptoMichNL) 2024年8月25日
日期:2024年8月25日
在這裏觀看:
市場表現良好,#另類幣開始反彈,接下來會怎樣?
在我最新的視頻中,我會深入探討最新資訊,重要的即將到來的事件,以及一些有趣的#另類幣...
Why It Matters: Van de Poppe's forecast came amid BItcoin's consolidation over the weekend after the Federal Reserve's rate cut signal induced a rally to the high $64,000s on Friday. The apex cryptocurrency also touched $65,000 Sunday evening.
爲什麼重要:在週末比特幣出現整固後,Van de Poppe的預測是在聯儲局宣佈減息信號後,導致週五比特幣一度飆升至64,000美元高位。這顆頂尖的加密貨幣也於週日晚間觸及65,000美元。
Last week, Bitcoin spot ETFs recorded net inflows exceeding $506 million, a 1453% jump from the previous week, according to data from SoSo Value.
上週,比特幣現貨etf錄得淨流入額超過50600萬美元,較上週增長1453%,根據SoSo Value的數據。
In a massive endorsement, legendary investor Bill Miller III deemed Bitcoin as one of his best investments. He also called King Crypto an insurance policy against economic turmoil and pandemics.
在一次大規模認可中,傳奇投資者比爾·米勒三世認爲比特幣是他最好的投資之一。他還稱之爲對抗經濟動盪和大流行的保險政策。
Price Action: At the time of writing, BTC was exchanging hands at $63,954.04, down 0.39% in the last 24 hours, according to data from Benzinga Pro.
價格走勢:撰寫時,BTC的交易價格爲63,954.04美元,在過去24小時下跌了0.39%,根據Benzinga Pro的數據。
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Photo courtesy: Pixabay
圖片由Pixabay提供。