Crypto Analyst Shares His Concerns that BTC Seems A Bit “Exhausted”
- Analyst says Bitcoin was unable to stay above $27,700, and that this is now a crucial level for the crypto.
- If BTC is rejected at this level, it is likely that the market leader could correct to $25k.
- BTC is now worth about $27,928.90 after a 3.33% increase in price.
The very well-known crypto trader, entrepreneur, and analyst, Michael van de Poppe, took to Twitter earlier today to share his own thoughts and insights about the price of Bitcoin (BTC), and what the price of the crypto could do over the next week.
Van de Pope stated that although the crypto king was able to reach $28,300, he believes that BTC is “a bit exhausted”. He also pointed out that BTC was unable to stay above $27,700, and that this is now a crucial level if BTC is looking to rise to $30k in the coming week.
The analyst concluded the post by stating that if BTC is rejected at this level, it is likely that the market leader could correct to $25k. When looking at the crypto community’s replies to the post, it seems like people have mixed feelings about Van de Poppe’s prediction.
The crypto market leader is one of the cryptos tradi…
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