Michael-Van-De-Poppe

Analyst Michaël van de Poppe argues that the Fed’s recent rate cut is a distraction from its more significant move: restarting quantitative easing. This ‘money printing’ is expected to drive up the prices of scarce assets like Bitcoin and gold, despite short-term volatility and an underlying economic crisis.

A key Ethereum indicator has turned bullish, a signal that previously preceded a 100% price surge. Analysts are now eyeing critical price levels, with some predicting a move towards $3,700 or even $3,900, as the supply of ETH on exchanges hits a historic low.

Bitcoin has bounced back above $92,000 after a sharp drop, with analyst Michaël van de Poppe suggesting the market may have bottomed. The breakthrough of the $92K resistance level could pave the way for a new all-time high and a test at $100K.

Dutch crypto analyst Michaël van de Poppe calls the current market the worst since 2018, citing ’total capitulation.’ He attributes the crash to the unwinding of Japan’s carry trade and reveals a painful 75% loss in his own altcoin portfolio.

Crypto analyst Michaël van de Poppe states the current market crash is more severe than the COVID-19 or FTX crashes based on indicator impact. Despite the extreme fear, he sees it as a prime buying opportunity, advising investors to ‘buy the dip’.