The post Is a Major Bitcoin Price Crash on the Horizon for 2024? appeared on BitcoinEthereumNews.com.

Crypto markets are uncertain right now, and Michaël van de Poppe, a noted crypto analyst, is diving deep into whether we’re heading for a Bitcoin crash or gearing up for a new ATH. His analysis looks at current trends and Bitcoin’s price to gauge what might come next. Normal Market Correction, Not a Crash In his latest X post, Van de Poppe tackled the buzz about a possible Bitcoin crash head-on. He reassured followers that Bitcoin’s current price of $54,000 and its 26% dip from the recent peak are just typical market moves. Despite the crypto fear & greed index dropping to 22—levels reminiscent of the FTX collapse—Van de Poppe isn’t hitting the panic button. He highlighted that today’s market is in a much better spot, with Bitcoin only 25% shy of a new all-time high, making a crash seem unlikely. Focus on Equity Markets, Not Bitcoin Instead of a Bitcoin crash, van de Poppe sees the equity markets as the more vulnerable sector. He explained that while Bitcoin might face short-term pressure if equities crash, it won’t be as severe as many fear. He believes the most important variable right now is the liquidity cycle, which could drive a major Bitcoin bull run shortly. Van de Poppe also predicts that we are on the verge of rapid crypto adoption, particularly in developing countries. He compared the current phase to the “Dot-com” bubble, suggesting that crypto could experience a similar rapid growth phase, followed by a larger economic downturn similar to the Great Depression 2.0. Role of Liquidity in the Market Looking at historical data, van de Poppe highlighted the importance of liquidity in shaping market cycles. He believes Bitcoin could enter its biggest bull cycle ever with potential rate cuts from the FED and increased global liquidity, particularly from…

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Filed under: News - @ September 9, 2024 6:22 am