Bitcoin: Trader Eyes $75,000 Sweep Ahead of Midterms
Michaël van de Poppe posted on X that he will buy Bitcoin only if it sweeps the $75,000 lows, citing expected volatility from the US midterms while holding to his end-of-correction thesis.
SourceAnalysis
Bitcoin trader Michaël van de Poppe stated his plan to buy only on a sweep of the $75,000 lows, noting high volatility expected from the midterms on November 3 while standing by his thesis that the correction is ending.
Price at $77,268.97 sits below the EMA50 at $79,012.28 in a bearish 4h structure, yet the MACD golden cross at -396.8 signals building momentum inside the Bollinger Bands. A move toward the lower band support near $76,893.29 could extend to the $75,000 level before any sustained reversal takes hold.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast