Crypto commentator Michael Poppe made important remarks in his latest market evaluation. In the midst of dull markets, the comments of experts like Poppe become quite significant. These figures, followed by hundreds of thousands of investors, play an active role in market expectations and bias/trend formation.
The Best Crypto Commentator’s Prediction
Considering his successful past predictions and the masses he led, Poppe can be considered one of the best crypto commentators. In his recent market evaluation, the famous analyst stated that a catalyst would ignite the continuation of the bull cycle for Bitcoin (BTC). According to the expert, Bitcoin has reached the end of the market correction. After approximately 20 hours of sharing the evaluation video, BTC surpassed $29,500 to reach a new daily high. As of the time of writing, it is finding buyers at $29,466.
Michael Poppe said the following:
“Based on the data we have now, we are not experiencing a potential recession. This is a good component for Bitcoin, especially because it will distract those who buy and sell crypto. Therefore, in this situation where stocks continue to rise, we have probably come to the end of all corrections in Bitcoin. If it sees a deeper dip and rises, the level will be $28,000.”
Pay Attention to Bitcoin and 3 Altcoins
Poppe says that if the Federal Reserve stops raising interest rates to reduce inflation, the crypto markets could rise. He also emphasized that several cryptocurrencies, including Chainlink (LINK), Ethereum (ETH), the Ethereum killer Avalanche (AVAX), and Bitcoin, are currently waiting for an upward movement.
“If we reach the end of the interest rate hike policy, we will most likely experience an upward turn in the markets. If you look at the weekly perspectives for Chainlink, Ethereum, Bitcoin, Avalanche, and the total market value, it looks quite promising for a breakthrough in the near future. So, the materials are there.”
Today, Core PCE came out well and signaled a continuation of the decline in inflation. On the other hand, if we see relaxation on the employment front, the market may price in an early interest rate ceiling. However, it is not expected to have a clear expectation in the market until a few weeks before September 20. Therefore, a speculative, unfounded movement should start for the rise mentioned by Poppe. In that case, news monitoring becomes even more important during this period.
