Analyst: Cryptocurrencies tend to adjust in the week before the Fed meeting, and the correction may end on Tuesday and start to rebound

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MarsBit
05-04
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Mars Finance News, on May 4th, according to Cointelegraph, crypto analyst Michaël van de Poppe stated, "Despite Bitcoin's recent strong rebound, there is still sufficient space to retest support levels. I would prefer to see Bitcoin staying above $91,500 to $92,000. For me, this will verify the continuation of the upward trend, as the previous range support has once again become an effective support, which means there is potential to continue pushing towards a new all-time high (ATH). Cryptocurrencies and Altcoins tend to have adjustments in the week before the Federal Reserve meeting, and I speculate that this round of adjustment will end around Tuesday, after which a rebound will begin."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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