Bitcoin’s ‘Up-Only Season Around The Corner,’ Says Analyst Michaël van de Poppe, Predicts BTC Will Bottom Ahead Of FOMC Meeting
Bitcoin (CRYPTO: BTC) is maintaining its position amid market uncertainty as traders anticipate the Federal Reserve’s upcoming policy meeting, with a prominent analyst suggesting the cryptocurrency may have reached its correction low.
What Happened: Cryptocurrency analyst Michaël van de Poppe, founder of MN Consultancy, stated on X that Bitcoin is “holding up nicely” despite recent market turbulence. “I think we’ll see the low of the correction today-tomorrow. FOMC meeting coming up, standard correction prior to it. Up-only season around the corner,” van de Poppe wrote.
The leading cryptocurrency traded between $93,000 and $95,000 on Monday, hitting an intraday high of $95,193.19.
Van de Poppe’s optimism aligns with his earlier predictions. In a separate analysis, he noted that a rally in gold indicates …
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