Dutch cryptocurrency analyst and trader Michael van de Poppe shared his views on the price levels that Bitcoin (BTC) could revisit before moving up.
Stating that the initial support level for the Bitcoin price was $ 9,050, the analyst argued that if he managed to stay at this level, the leading crypto asset would rise above $ 9,500 again. Of course, on the other hand, there are bad scenarios for Bitcoin.
Explaining the bad scenario for Bitcoin, the famous analyst said that if the price of BTC drops below $ 8,800, the market will be completely under the control of the bears. However, the analyst said that he was not in despair but said that the bulls would definitely take control when viewed in the medium term.
Bitcoin (BTC) is trading at $ 9,383 as of writing.