Trader Says Bitcoin Primed for More Downside Before ‘Up-Only Mode,’ Updates Outlook on Ethereum
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Crypto trader Michaël van de Poppe suggests Bitcoin (BTC) may experience further declines before a bullish trend, potentially retesting the $108,000 level. Currently, Bitcoin is priced at $111,075, down 2.3% in the last 24 hours. He also forecasts Ethereum (ETH) could find a local bottom around $3,800, with a potential to reach five-figures this cycle. ETH is currently trading at $4,002, down 4.5% in the last 24 hours.
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