Leading cryptocurrency analyst Michaël van de Poppe predicts several significant market corrections, even as Bitcoin (CRYPTO: BTC) trades near record highs at $98,192.
What Happened: “Bitcoin is going to take liquidity on lower levels,” van de Poppe warned on X, forecasting “4-6 flash crashes” before year-end. These corrections could see Bitcoin drop 5-10% in a single day, while alternative cryptocurrencies might experience even steeper declines of 20-30%.
However, van de Poppe suggests these dramatic drops could present strategic entry points for investors. “After such a flash crash on Bitcoin, that’s the moment where Bitcoin consolidates, and altcoins shoot off,” he explained, describing the market’s rotation pattern.
Despite Bitcoin’s approach toward $100,000, market sentiment remains notably subdued compared to previous bull runs, suggesting …
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