Crypto Fund Manager Spots Repeat of 2020 Bear Trap in Bitcoin’s Price

Crypto Fund Manager Spots Repeat of 2020 Bear Trap in Bitcoin's Price

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On Friday, April 11, Bitcoin fell by more than 25 % of its historic record of $ 109,000 at the time of Trump’s inauguration on January 20.

But the founder and director of MN Fund Michaël Van De Poppe recently compared the BTC situation to global financial discharge and pump during the worst in the Koronavirus virus in 2020.

2020 BTC Bear Trap Redux?

“The markets remind me of the Covid accident.”

“A huge emptying and then we were actually jumped quickly with #Bitcoin, which led to the Saada market for 18 months,” he added.

The commentator agreed on the subject of the response, noting that “the similarities are remarkably. After a sharp correction, bitcoin can put the way to run another large bull.”

In addition, Van De Poppe wrote, “Not in [sic] The issue of speculation where the markets will be tomorrow. Rather, it is a 6 -month case from now and the construction of the investment thesis around it. “

Bitcoin prices show a strong historical trend in estimate over several periods of 6 months and significantly higher returns on investment than American intermediate stock returns.

“If this correction is similar to March ’20, we are about to witness a strong operation up to #Bitcoin and #ATTCOINS,” added the co -fund manager.

Al -Awjra Al -Saudi Channel for Bitcoin

A day ago, Van de Bobby monitored the upper channel for BTC, and writing:

“Bitcoin attacks $ 80,000 is a strong sign.”

He added:

“I don’t know if we would get another decrease or if we have seen everything. However, with the addition of liquidity, prices will be 6 and 12 months from now much higher.”

with Bitcoin price He traded again over 83,000 dollars within 48 hours of this memo on April 11, and finding support for re -tests at $ 78,700 and $ 79,000 on April 10, these notes began to be correct.

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