While the spot-Bitcoin ETFs started trading just a little over a month ago, the reaction of Bitcoin (BTC) was suboptimal, as it briefly retreated below the $40,000 threshold, surprising many and echoing bearish predictions.
However, in recent days, the flagship crypto appears to be on a steady road to recovery, surpassing the $47,000 mark as the inflows into ETFs begin to stabilize.
BTC is probably seeking liquidity levels above previous highs, potentially surpassing the threshold of $51,800 before the upcoming halving event, according to cryptocurrency expert Michael van de Poppe’s post on X on February 9.
“It seems likely we’re looking for the liquidity above the highs and perhaps the one above $51,800 pre-halving. The markets are strong. Dips of 20% on Bitcoin are a buy.”
Price range determination for BTC price. Source: Michael van de Poppe
The range low looks set just below the threshold of $38,126.
However, based on the recent strong performances, van de Poppe readjusted
We współpracy z: https://finbold.com/crypto-expert-predicts-bitcoin-to-rocket-above-50k/
