Cryptocurrency analyst predicts bitcoin’s fall to $ 10,000

Renowned cryptocurrency expert Michael van de Poppe has spoken about the future course of the flagship cryptocurrency. He noted that people used to want digital gold to fall to $ 20,000 in order to buy as much cryptocurrency as possible. Now, he said, traders dream of selling their virtual assets to buy bitcoin for $ 10,000.

People wanted to buy #Bitcoin at $ 20K.

Now, people want to sell their #Bitcoin as we are, for sure, going to $ 10K.

— Michaël van de Poppe (@CryptoMichNL) November 25, 2022

According to the cryptocurrency expert, the BTC rate will definitely fall based on the current state of affairs in the market. The expert expressed his approval of Binance's desire to continue supporting the cryptocurrency sector amid the crisis. Van de Poppe believes that if market players manage to successfully overcome the turbulence, it will have a positive impact on the entire industry and hard times will soon be over.

In late October, the expert predicted a completely different scenariofor bitcoin — Michael van de Poppe was inclined to believe that the BTC rate would jump to $ 30,000 in November. He was opposed by Peter Brandt, who predicted that the flagship cryptocurrency would fall to $ 13,000. However, Brandt is convinced that after such a collapse, bitcoin will reach a new historical high.

As of the time of writing, bitcoin BTC $61,073.26 Bitcoin 1.24% Market capitalization $1.2 trillion VOL. 24 hours $0.71 billion is trading at $ 16,487, the market capitalization of the flagship cryptocurrency is $ 316.8 billion, and the daily trading volume is $ 3 billion.