Bitcoin On The Cusp Of 'Final Correction,' Says Crypto Analyst
Portfolio Pulse from Bibhu Pattnaik
Crypto analyst Michaël van de Poppe predicts a 'final correction' in Bitcoin's value, anticipating a dip of about 10% from its current value. He views this as an opportunity for long-term investors to increase their Bitcoin holdings. He also highlighted upcoming developments in the crypto space, including Bitcoin's spot ETFs and the expected introduction of ETH Futures ETFs. Despite the potential dip, he remains bullish about Bitcoin's long-term prospects due to growing institutional interest.
September 09, 2023 | 6:20 pm
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Bitcoin is expected to undergo a 'final correction' with a dip of about 10% from its current value. Despite this, the long-term outlook remains bullish.
The prediction of a 'final correction' in Bitcoin's value by a renowned crypto analyst could lead to short-term selling pressure. However, the analyst's bullish long-term outlook and the growing institutional interest in Bitcoin could provide support to its price in the longer term.
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