Crypto trader and expert Michaël van de Poppe believes that one big thing is to block Bitcoin (BTC) and other digital products due to their high complexity.
From Poppe they tell us his 821,300 followers on X that the crypto market is burdened by the global financial crisis of the US-Iran war.
However, they say they hope that the agreement between the two countries will be reached in the coming weeks, setting up BTC and altcoins to form strong rallies in the coming months.
“As long as (Bitcoin) stays here and consolidates, everything is fine, and, respectfully, I hope to see some kind of agreement come in the next days between the US and Iran. If that happens, there is no argument left to think that we continue to fall, and then I expect to see a lot of upside in the whole summer of altcoins and crypto.”
The broker also warns that altcoins may fall in price if Bitcoin loses support at $73,000.
“The volatility of Bitcoin has decreased significantly, and the causes are moving on the altcoin markets. I don’t think this will stop, as long as Bitcoin remains within the range that does not shake. If it breaks $ 80,000 we will see more strength on Bitcoin and money will return to the main economy of the universe, until the next phase arrives. Likewise, I expect the same thing to happen when it drops below $73,000, so I think we will see the altcoins very accurately and there will be no problem. “
Bitcoin is trading at $74,412 at the time of writing, down 1.9% on the day.
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