Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000. What Could Make Bitcoin Drop To As Low As $48,000 Van de Poppe mentioned in an X (formerly Twitter) post that Bitcoin could break below $56,000 and drop to a price target of $48,000 if the Consumer Price Index (CPI) inflation data comes out badly.
Related Reading: Analyst Says XRP Price Will Rally 10,400% To $60, Here’s When The analyst, who had earlier claimed that the Bitcoin bottom was in, also recently stated that the flagship crypto’s next target as it begins its wave five expansion would be $95,000 and then $142,000. At the time of writing, Bitcoin is trading at around $58,400, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.
He added that a successful breakout will take Bitcoin to $70,000. A Strong Rally Is Coming For BTC Amid Bitcoin’s price, which is looking undecided about its next move, crypto analyst Mikybull Crypto has assured us that a "strong and massive rally” is looming for the flagship crypto.
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