Bitcoin (BTC) 
$67,537 and Ethereum (ETH) 
$2,524 prices are on the agenda with sharp declines in recent weeks. We are going through a period when investors need to be careful, especially against fluctuations in the cryptocurrency market.
Latest Status in Bitcoin
Bitcoin dropped to the level of 65 thousand dollars between October 24 and October 25. This decline is considered a short-term retreat for investors. cryptocurrency analyst Michael van de Poppeexpects the market to recover and rise again after this level falls.
Van de Poppe states that Bitcoin will show signs of recovery as of next week. Especially if US bond yields fall, general market conditions will improve and the biggest cryptocurrencyis likely to rise.
Expected Support Level in Ethereum
Ethereum On the other hand, a serious selling pressure is observed. Ethereum’s loss of value against Bitcoin is interpreted as a kind of “capitulation” signal in the markets.
ETH/BTC While the trading parity is expected to drop to the 0.035 level, this level is considered a strong support point. Van de Poppe predicts that the altcoin king may start a new recovery movement after reaching this level.
This level, which the analyst points out, means opportunity for investors. However cryptocurrency marketConsidering the volatile nature of , it is important to follow careful strategies. As a result, it will be critical to closely follow the developments in the market in the coming days in order to evaluate opportunities and risks correctly.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
