Michaël van de Poppe tells his 621,800 Twitter followers that Bitcoin is currently consolidating.
He says if BTC does dip in price, it needs to hold a low in the area around $21,323 to avoid a “trend switch.”
“The trend is still upwards, potentially a correction now is taking place due to CPI fears.
Hold above $21,300 to continue the trend.
Break above $24,500 to continue to $28,000.”
BTC is trading at $23,893 at time of writing. The top-ranked crypto asset by market cap is up more than 3% in the past 24 hours.
FTM is trading at $0.405308 at time of writing. The 57th-ranked crypto asset by market cap is up nearly 10% in the past 24 hours.
ZIL is trading at $0.045384 at time of writing. The 80th-ranked crypto asset by market cap is up more than 5% in the past day.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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