Renowned Analyst Warns of Potential BTC Price Correction, Could Drop to $60,000

Sharon Lullaby

Recently, renowned crypto analyst Michaël van de Poppe has initiated discussions about the trajectory of Bitcoin (BTC) prices, suggesting the possibility of a severe price correction in the near future.

This analysis comes at a time when Bitcoin is showing signs of momentum stagnation, particularly after re-entering the $70,000 territory, sparking debates and speculations across the crypto community.

Potential BTC Price Correction Michaël van de Poppe has caught many off guard with his cautious stance on the future of Bitcoin in the short term.

Coin Edition reported that the analyst expressed his skepticism about the possibility of Bitcoin prices skyrocketing to the highly anticipated $100,000 mark in the near future. According to him, the path to $100,000 appears fraught with challenges, especially due to significant resistance barriers currently faced by Bitcoin.

This view is particularly intriguing, considering the optimistic forecasts by other market observers who see the $100K milestone as an inevitability for BTC.

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