Well-known strategist and founder of the investment company Eight, Michael van de Poppe, has released another forecast regarding the price of the Bitcoin cryptocurrency (BTC). He explained what he thought would happen in the market in the coming days. The expert published a chart of the cost of Bitcoin paired with the US dollar (USD) and noted: the digital coin was now trading at a critical level.
According to the analyst, "funding was starting to turn negative." He assured that a “price rebound” would soon occur. Van de Poppe expected the formation of bullish divergences in the range of $26,500 - $27,000 and said that a massive “reset” of virtual assets would take place today, April 24, 2023. Then, in his opinion, the price of Bitcoin will recover to $29,200.
According to current data as of 11:00 Moscow time on April 24, 2023, Bitcoin quotes were fixed at $27,444. The total supply of coins circulating in circulation was $531.18 billion. This figure decreased by 8.06% over the past 7 days. During the week, trading participants completed transactions with digital gold for $90.63 billion.
Another IncomeSharks expert said the overall market capitalization was at a support level called SuperTrend. According to him, if this indicator cannot push off and go up, then the cryptocurrency industry will face another downward movement.
Another well-known analyst, Lark Davis, made a short tweet where he said that Bitcoin will never bow to the International Monetary Fund (IMF), unlike national governments.
Not all influencers talked exclusively about something serious. For example, Ben Armstrong, known in the crypto community as BitBoy, wrote that he met a financial advisor. The latter allegedly stated that if an investor does not buy the PEPE meme token, he will stop receiving advice from a specialist. Armstrong added jokingly: if he doesn't lose weight, he'll die of diabetes.
