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Did Bitcoin Survive "Black Monday"? Experienced Analyst Explained and Shared the Expected Bottom Level!
The tariff tensions fueled by President Donald Trump increased panic selling and negatively affected Bitcoin and altcoins.
The tariff tensions have led to panic, causing large-scale sell-offs in stocks and cryptocurrencies, while Bitcoin has fallen to levels of $74,000, the lowest in four months.
While the uneasy atmosphere in Bitcoin continues, the CEO of CryptoQuant warned investors that the bull market in Bitcoin has ended.
At this point, a warning also came from popular analyst Michael van de Poppe. Poppe noted that volatility in Bitcoin is expected to increase in the coming days.
The analyst also stated that Bitcoin could drop to as low as $70,000 before rising again.
"Black Monday!"
Poppe described the sharp decline in Bitcoin and the broader crypto market as "Black Monday."
The analyst warned that the next few weeks could be unpredictable for investors and that Bitcoin may face a significant test by potentially dropping further from its current levels.
Poppe also added that despite the uncertainty in BTC, he sees the sharp correction as a potential buying opportunity for long-term investors.
"Black Monday, Bitcoin is experiencing a return to dip levels."
It's hard to predict how much we will drop during panic times. However, we will wait for the following for recovery:
– Trump's tariffs will not be postponed (
– The FED is announcing an emergency meeting )it may be within a maximum of 1-2 weeks (
– We will go down for nothing for recovery and much more heavily.
As a result, I think we will see Bitcoin testing its bottom levels and experiencing some fluctuations within 1-2 weeks.
We could drop to 70 thousand dollars from these levels.
Bitcoin is experiencing a 30% correction from its ATH. So you will be happy you bought at these levels in 12-24 months.