{"id":607380,"date":"2024-05-10T13:00:13","date_gmt":"2024-05-10T13:00:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=607380"},"modified":"2024-06-11T06:58:30","modified_gmt":"2024-06-11T06:58:30","slug":"bitcoin-bearish-signal-analyst-predicts-potential-dip-to-52000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-analyst-predicts-potential-dip-to-52000\/","title":{"rendered":"Bitcoin Bearish Signal: Analyst Predicts Potential Dip To $52,000"},"content":{"rendered":"

As the price action of Bitcoin continues to attract crypto <\/span>investors’ interest<\/span><\/a>, Michael Van De Poppe, a well-known market analyst and trader in a bearish scenario has made a worrying <\/span>prediction<\/span><\/a>, warning the community of a potential drop in price for the crypto asset to the $52,000 level.<\/span><\/p>\n

Bitcoin Poised For A Possible Decline<\/span><\/h2>\n

Michael Van De Poppe’s prognosis explores the factors that are driving the gloomy view of <\/span>Bitcoin<\/span><\/a>‘s price trajectory, in the midst of market turbulence and uncertainty.<\/span><\/p>\n

Related Reading: Bitcoin Bears Keeps Pushing, Why BTC Could Turn Bearish Below $60K?<\/a><\/div>\n

Van De Poppe affirms that the largest crypto asset by market cap is currently at the range low. For Bitcoin to maintain the range and the upward momentum to persist, this is technically the region it should probably hold.<\/span><\/p>\n

\"Bitcoin\"
Possible drop to $52,000 | Source: Michael Van De Poppe on X<\/a><\/figcaption><\/figure>\n

Should the asset fail to sustain this position, Van De Poppe anticipates a potential movement on the downside in the future. Thus, he has placed his price targets at $55,000 or even further toward the $52,000 threshold.<\/span><\/p>\n

The post read:<\/span><\/p>\n

Bitcoin is at the range low. This is technically the area where you’d prefer to see it hold, so the upward momentum continues, and the range holds. If this doesn’t hold, then we might expect $52-55K as a potential low on this correction.<\/span><\/p><\/blockquote>\n

Van De Poppe previously pointed out that Bitcoin is gradually moving close to the lower bounds of the range,\u00a0<\/span>in order to<\/span>\u00a0test support around $62,250 level. Consequently, it appears likely that BTC will keep moving toward the upside, following the breakout of the support level.<\/span><\/p>\n

However, since the recently concluded Bitcoin Halving event<\/a>, boredom has set in, suggesting a possible price decline. Thus, should a correction on the downside eventually take place, $52,000 and $55,000 are the two levels Van De Poppe expects BTC to drop to. Despite the negative outlook for BTC, the crypto expert thus far has urged investors to acquire more of the coin.<\/span><\/p>\n

Opposite Sentiment On BTC’s Investment<\/span><\/h2>\n

While Poppe solicits investors to invest more in BTC, crypto critic and gold advocate Peter Schiff, on the other hand, has urged investors not to do so. Instead, Schiff has highlighted a possible impending massive rally for assets like Gold, Silver, and mining stocks.<\/span><\/p>\n

Related Reading: Analysts Bullish On Bitcoin Despite Peter Schiff\u2019s $20,000 Doom Scenario<\/a><\/div>\n

He claims that the charts and the fundamentals have never looked this promising. Due to this, <\/span>Schiff<\/span><\/a> implored investors to engage more with these assets, saying Bitcoin is dead money and holders should sell before it is buried. “Take advantage of what could be the biggest precious metals bull market in history,” Schiff added.<\/span><\/p>\n

As of today, Bitcoin’s price has shown resilience, fueling optimism of an upward movement. BTC has recovered the $63,000 price level once again after falling to nearly $60,700 on Thursday.<\/span><\/p>\n

The digital asset is trading at $63,077, indicating a 3% rise in the last 24 hours. Data from CoinMarketCap shows that both the market cap and trading volume have also increased by 3.10% and 5.52%, respectively, in the past day.<\/span><\/p>\n

\"Bitcoin
BTC trading at $62,960 on the 1D chart | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

As the price action of Bitcoin continues to attract crypto investors’ interest, Michael Van De Poppe, a well-known market analyst and trader in a bearish scenario has made a worrying prediction, warning the community of a potential drop in price for the crypto asset to the $52,000 level. Bitcoin Poised For A Possible Decline Michael Van De Poppe’s prognosis explores the factors that are driving the gloomy view of Bitcoin‘s price trajectory, in the midst of market turbulence and uncertainty. Related Reading: Bitcoin Bears Keeps Pushing, Why BTC Could Turn Bearish Below $60K? Van De Poppe affirms that the largest crypto asset by market cap is currently at the range low. For Bitcoin to maintain the range and the upward momentum to persist, this is technically the region it should probably hold. Should the asset fail to sustain this position, Van De Poppe anticipates a potential movement on the downside in the future. Thus, he has placed his price targets at $55,000 or even further toward the $52,000 threshold. The post read: Bitcoin is at the range low. This is technically the area where you’d prefer to see it hold, so the upward momentum continues, and the range holds. If this doesn’t hold, then we might expect $52-55K as a potential low on this correction. Van De Poppe previously pointed out that Bitcoin is gradually moving close to the lower bounds of the range,\u00a0in order to\u00a0test support around $62,250 level. Consequently, it appears likely that BTC will keep moving toward the upside, following the breakout of the support level. However, since the recently concluded Bitcoin Halving event, boredom has set in, suggesting a possible price decline. Thus, should a correction on the downside eventually take place, $52,000 and $55,000 are the two levels Van De Poppe expects BTC to drop to. Despite the negative outlook for BTC, the crypto expert thus far has urged investors to acquire more of the coin. Opposite Sentiment On BTC’s Investment While Poppe solicits investors to invest more in BTC, crypto critic and gold advocate Peter Schiff, on the other hand, has urged investors not to do so. Instead, Schiff has highlighted a possible impending massive rally for assets like Gold, Silver, and mining stocks. Related Reading: Analysts Bullish On Bitcoin Despite Peter Schiff\u2019s $20,000 Doom Scenario He claims that the charts and the fundamentals have never looked this promising. Due to this, Schiff implored investors to engage more with these assets, saying Bitcoin is dead money and holders should sell before it is buried. “Take advantage of what could be the biggest precious metals bull market in history,” Schiff added. As of today, Bitcoin’s price has shown resilience, fueling optimism of an upward movement. BTC has recovered the $63,000 price level once again after falling to nearly $60,700 on Thursday. The digital asset is trading at $63,077, indicating a 3% rise in the last 24 hours. Data from CoinMarketCap shows that both the market cap and trading volume have also increased by 3.10% and 5.52%, respectively, in the past day. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":602235,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,78790,2209,83630,88126,85912,92267,41003,92266],"class_list":["post-607380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-gold","tag-inj","tag-injective","tag-michael-van-de-poppe","tag-mining-stocks","tag-peter-schiff","tag-sliver"],"acf":[],"yoast_head":"\nBitcoin Bearish Signal: Analyst Predicts Potential Dip To $52,000<\/title>\n<meta name=\"description\" content=\"Michael Van De Poppe, a well-known market analyst and trader has issued a warning of a potential drop in Bitcoin to the $52,000 level.\" \/>\n<meta name=\"robots\" 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/uniquehot.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bearish Signal: Analyst Predicts Potential Dip To $52,000","url":"http:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-analyst-predicts-potential-dip-to-52000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-bearish-signal-analyst-predicts-potential-dip-to-52000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/iStock-1326202724.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/iStock-1326202724.jpg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","gold","inj","injective","michael van de poppe","mining stocks","peter schiff","sliver"],"dateCreated":"2024-05-10T13:00:13Z","datePublished":"2024-05-10T13:00:13Z","dateModified":"2024-06-11T06:58:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bearish Signal: Analyst Predicts Potential Dip To $52,000\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-bearish-signal-analyst-predicts-potential-dip-to-52000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-bearish-signal-analyst-predicts-potential-dip-to-52000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/iStock-1326202724.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/iStock-1326202724.jpg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"gold\",\"inj\",\"injective\",\"michael van de poppe\",\"mining stocks\",\"peter schiff\",\"sliver\"],\"dateCreated\":\"2024-05-10T13:00:13Z\",\"datePublished\":\"2024-05-10T13:00:13Z\",\"dateModified\":\"2024-06-11T06:58:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/iStock-1326202724.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/607380"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=607380"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/607380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/602235"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=607380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=607380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=607380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}