As Bitcoin (BTC) is trying to reclaim the psychological level at $30,000, some conclusions can be drawn about its present activities, as well as the outlook for the future, as presented in the deep analysis carried out by the cryptocurrency trading expert Michaël van de Poppe.
Specifically, van de Poppe explained in detail the historical price action of Bitcoin, including the bear markets in 2019, 2020, and 2021, as well as “a heavy one in 2022,” during which time the long-term holders have been accumulating their positions, as he said in his YouTube video streamed on April 27.
“We see that, in the recent correction of the markets, long-term holders have been getting massively into Bitcoin, which is fuelling a case that you want to accumulate your position as well. It’s not telling you that the bottom is in, but it’s telling you that we are getting into a phase where long-term holders are interested, and the long-term holders are usually the bulls.”
Accumulation versus sel

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