The crypto money market continues its wavy course. Bitcoin $89,051.77it fell to critical levels in the last correction period. Analyst Michaël Van de Poppe evaluated the current situation of the market. He argued that a new movement could be triggered by the procurement orders of investors. Market sensitivity and technical indicators indicate the possibility of recovery.
Bitcoin price is looking for the bottom
Bitcoin price is under pressure in recent weeks. Last Monday declined to $ 86,141 and saw the lowest per month. This harsh withdrawal created $ 1.58 billion liquidation. Michaël Van de Poppe said Bitcoin formed the bottom base in the current correction. According to the analyst, the price is possible to reach the bottom of the $ 83,000-87,000.
Van de Poppe said these levels can trigger the waiting orders on the market. Emphasizing that Bitcoin is in liquidity collection, the analyst said that the current negative sensitivity could support the opposite direction movement. Bitcoin was traded at $ 88,118 during writing.
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Altcoin Market and Total3 Index
The fluctuations in Bitcoin also affect the Altcoin market. Van de poppe, bitcoin and ethereum 
$2,488.87 He drew attention to the Total3 index, which measures the market value of crypto currencies outside. He said that the index remaining over $ 750 billion could support a new upward movement in the Altcoin market.
According to the analyst, the existing technical indicators of the Altcoin market give positive signals. If support levels are preserved, the probability of recovery may be strengthened. Investors should closely monitor market data and shape their strategies accordingly.
The market reached excessive sales levels during the decrease. Short -term strategies may vary depending on investor sensitivity. Existing data show that purchasing opportunities can be evaluated.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
