Michael-Van-De-Poppe

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’.