Bitcoin Is About To See The Final Correction, Important Analyst Says

It has been just revealed that Bitcoin could see the final correction these days. Check out the latest reports about this below.

Bitcoin analyst Michaël van de Poppe has shared his opinion that Bitcoin (BTC) may experience one final steep decline in value.

In a recent video addressed to his 162,000 YouTube subscribers, Van de Poppe suggests that Bitcoin could drop by up to 10% from current levels in what he calls the “final correction.”

He advises long-term Bitcoin investors to use this as an opportunity to add to their BTC holdings.

At present, Bitcoin sits at $25,000, and while there is a delay on the spot ETFs for Bitcoin, an ETH Futures ETF announcement is expected in the next three to four weeks.

Spot ETH ETFs are also currently being considered for approval. As such, a final correction in the markets is likely, with $23,000 or $24,000 being the key levels to watch.

Van de Poppe believes that with institutions jumping into the markets, overall, the markets remain a must-buy opportunity for long-term investors.

According to Van de Poppe, a correction in Bitcoin’s value could happen, but he acknowledges that if the cryptocurrency stays above the 200-week EMA, it could attract more bullish investors.

He suggests that closing above the 200-week EMA this weekend and next week could trigger further growth. Currently, the 200-week EMA is around $24,689.

Cowen shared this prediction with his 764,800 followers on the social media platform X.

“Good chance BTC takes out the prior low ($24,800) soon,” he said.

He continued and pointed out the following fact, according to the latest reports coming from the Daily Hodl.

“After taking out that low, it is possible for BTC to see a relief rally into the death cross (when the 50-day simple moving average crosses below the 200-day simple moving average).

However, any pumps would likely be short-lived and result in lower highs. BTC likely in a downtrend for the rest of the year.”