Crypto Potato 2025-04-13 16:29:06

Crypto Fund Manager Spots Repeat of 2020 Bear Trap in Bitcoin’s Price

Bitcoin was down on Friday, Apr. 11 by more than 25% from its historic record high price of $109,000 at the time of Trump’s inauguration on Jan. 20th. But MN Fund founder and manager Michaël van de Poppe recently compared the situation with BTC prices to the global financial dump and pump during the worst of the coronavirus pandemic in 2020. 2020 BTC Bear Trap Redux? “The markets kind of remind me of the COVID crash,” van de Poppe wrote in an X post timestamped Apr. 8. “Massive dump and after that we’ve actually been quickly jumping back up with #Bitcoin, resulting into an 18-month bull market,’ he added. The markets kind of remind me of the COVID crash. Massive dump, and after that we’ve actually been quickly jumping back up with #Bitcoin , resulting into an 18-month bull market. — Michaël van de Poppe (@CryptoMichNL) April 8, 2025 A commenter in the reply thread agreed, remarking, “The parallels are striking. After a sharp correction, Bitcoin’s resilience could set the stage for another significant bull run.” In addition, van de Poppe wrote, “It’s not at [sic] matter of speculation where the markets will be at tomorrow. It’s rather a case of 6 months from now and build your investment thesis around it.” Bitcoin prices exhibit a strong historical trend of appreciating over many 6-month periods and delivering markedly higher returns on investment than average US stock returns. “If this correction is comparable to March ’20, then we’re about to witness a strong upwards run on #Bitcoin and #Altcoins,” the crypto fund manager added. It’s not at matter of speculation where the markets will be at tomorrow. It’s rather a case of 6-months from now and build your investment thesis around it. If this correction is comparable to March ’20, then we’re about to witness a strong upwards run on #Bitcoin and… — Michaël van de Poppe (@CryptoMichNL) April 8, 2025 Bitcoin Price Bullish Trend Channel A day earlier, van de Poppe spotted a channel upward for BTC, writing: “Bitcoin attacking $80,000 is a strong sign.” He added: “I don’t know whether we’ll be having another drop or whether we’ve seen it all. However, with the amount of liquidity being added, 6 & 12 months from now prices will be substantially higher.” #Bitcoin attacking $80,000 is a strong sign. I don’t know whether we’ll be having another drop or whether we’ve seen it all. However, with the amount of liquidity being added, 6 & 12 months from now prices will be substantially higher. — Michaël van de Poppe (@CryptoMichNL) April 8, 2025 With Bitcoin’s price trading back above $83,000 within 48 hours of this note on Apr. 11, and finding support on retests at the $78,700 and $79,000 levels on Apr. 10, these remarks are beginning to ring true. The post Crypto Fund Manager Spots Repeat of 2020 Bear Trap in Bitcoin’s Price appeared first on CryptoPotato .

La maggior parte ha letto le notizie

The Protocol: Nvidia To Manufacture AI Superc...
2025-04-16
Binance Listed Altcoin Makes Anticipated New...
2025-04-16
Altcoin Market 41% Drop Signals Possible Cryp...
2025-04-16
ETHEREUM SLIPS TO $1,581 – WILL APRIL BE ITS...
2025-04-16
BREAKING: FED Chairman Jerome Powell is Makin...
2025-04-16
Hackers use UK lawmakers’s X account to promo...
2025-04-16
Bloomberg warns of a financial crisis: will i...
2025-04-16
‘Start Small, Watch Closely,’ Says Investor A...
2025-04-16

https://www.digistore24.com/redir/325658/ceobig/

Notizie correlate

Ripple and SEC Seek Pause in Appeal Amid Settlemen...
16 Apr 2025
Copper and P2P.org team up to bolster staking for...
16 Apr 2025
POWELL: TARIFFS EXCEED EXPECTATIONS, EVEN IN BEST-...
16 Apr 2025
DWF Labs Expands to NYC With Bet in Trump-Backed W...
16 Apr 2025
U.S. and Canadian authorities disrupt $4.3m crypto...
16 Apr 2025
Powell Stays Steadfast Despite Market Pressures an...
16 Apr 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta