COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Crypto Analyst Michaël van de Poppe Outlines Key Bitcoin Price Levels Amid Market Decline
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Crypto Analyst Michaël van de Poppe Outlines Key Bitcoin Price Levels Amid Market Decline
Bitcoin (BTC)Bitcoin News

Crypto Analyst Michaël van de Poppe Outlines Key Bitcoin Price Levels Amid Market Decline

In Brief

  • Leading cryptocurrency, Bitcoin (BTC), began the day with a decrease, recording nearly a 2% loss over the past 24 hours and dropping down to price levels around $26,250. This led the cryptocurrency market into a downturn, with CoinMarketCap (CMC) data indicating a decrease in the total market value of the crypto ecosystem to $1.1 trillion. […]
İlayda Peker
İlayda Peker 2 years ago
Share
SHARE

Leading cryptocurrency, Bitcoin (BTC), began the day with a decrease, recording nearly a 2% loss over the past 24 hours and dropping down to price levels around $26,250. This led the cryptocurrency market into a downturn, with CoinMarketCap (CMC) data indicating a decrease in the total market value of the crypto ecosystem to $1.1 trillion. Moreover, volatility in the cryptocurrency market also witnessed a significant rise. According to Coinglass data, over the past 24 hours, roughly $120 million worth of both short and long positions were liquidated. 

Contents
Will Bitcoin’s Decline Continue?Analyst Points to Critical Price Levels

Will Bitcoin’s Decline Continue?

Crypto analyst Michaël van de Poppe evaluated these recent downturns in the crypto market, pointing out potential price levels that could play a crucial role for Bitcoin in the short term through a series of posts on his Twitter account. 

The analyst suggested that, when considering longer time frames, the trend for Bitcoin is still bullish and that recent declines are short-term healthy corrections. Contrary to expectations of Bitcoin potentially recording a major drop and regressing to price levels around $12,000, the analyst highlighted that short-term support levels are quite critical. He pointed out that if the declines continue, the price level of $25,800 could be followed. 

Analyst Points to Critical Price Levels

Furthermore, crypto analyst Michaël van de Poppe also mentioned potential scenarios that might occur in the market if BTC resumes its uptrend. The analyst suggested that if Bitcoin surpasses $26,600 again, the current situation could be indicative of reaching the bottom price levels. 

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Surges with Institutional Interest and Positive Economic Signals

Bitcoin Surges as the Dollar Index Weakens

Cryptocurrency Thrives as US-China Trade Talks Boost Market Optimism

Brazil Embraces Bitcoin: Belo Horizonte Leads the Digital Finance Charge

Coinbase Embraces Innovative Strategy by Managing Bitcoin Holdings Differently

İlayda Peker 25 May, 2023 - 4:07 pm 25 May, 2023 - 5:04 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Bitcoin Consolidates As Average Transaction Volume Hits Lowest In Over Two Years: Is A Surge Imminent?
Next Article Bitcoin’s Future: Valkyrie Investments Predicts Further Downturn to $24,000
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Whale Activity Surges as Dogecoin Records Massive Purchases
Dogecoin (DOGE)
Ethereum Surges with Massive Withdrawals from Centralized Exchanges
Ethereum (ETH)
Rug Pull Schemes Drain Investors: Solana Altcoin Projects Collapse
Altcoin News
Bitcoin Prepares to Break Through the $105,000 Mark
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?