Michael van de Poppe, a renowned full-time trader and analyst from Amsterdam, has recently updated the crypto community that despite the recent downfall within the price of Bitcoin, the leading cryptocurrency present situation remains ‘OK’ .
However on the other hand, he has warned that the upcoming weekend the crypto market might show some ‘trappy swifts’.
Bitcoin Price Is Still +137% Up Since 12th March
At the time of reporting, Bitcoin [BTC] is trading at $9,060 USD after briefly going below the $9,000 USD price mark on 25th June. Earlier today, though, the price of BTC again dipped below $9,000 USD and touched $8,975 USD, as per the stats from CoinMarketCap, but has recovered since then.
Another well-known analyst from Netherlands, Michael van de Poppe, has outlined the community that despite the present ongoing plunge [& the one seen earlier within this week], the price of Bitcoin still remains around 137% up since 12th March.
This date is widely referred to as Black Thursday within the community, when Bitcoin lost over 50% within the day and took more than a month to recover.
As reported earlier, as per the leading analytics provider, Skew, the expiration of Bitcoin options worth over $1 bln on the leading cryptocurrency exchanges recently on 26th June. Recently on Friday, the leading exchange dealing with Bitcoin options and futures, Deribit, revealed the expiry of BTC options with notional value of over 675 Mln.
Also, Analyst and crypto columnist Joseph Young stated on Friday, that this was one of several reasons why the upcoming weekend is going to be ‘very interesting’ for Bitcoin.
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