Analyst Michael Van de Poppe, who has a large audience, commented that there may be significant developments in crypto currency markets. He said the effect of the interest rate cut applications of the central banks on market liquidity may bring sudden increases in crypto asset prices. This approach is based on the past effects of interest cuts for economic support.
ECB Interest Discount and Crypto
Van de Poppe expressed the effect of interest rate cuts on the market with the term “Banana Zone”.
Michael Van de Poppe: “ECB is doing interest rates. J. Powell is criticized. Banana Zone may come soon.”
While evaluating market dynamics, it was pointed out that the analyst’s statements are based on past data. Banana zone expression is surprising and basic, used for the start of parabolic rally that cannot be easily explained in technical analysis.
Bitcoin price movements
According to the analyst, Bitcoin approaches $ 85,000, while a positive acceleration is observed in price movements.
Michael van de Poppe: “Bitcoin is approaching about $ 85,000. It is expected to take action. There may be good developments.”
This increases expectations to overcome the resistance levels pursued in the crypto asset market.
Poppe is expected to enter the rise trend after a test of $ 87,000.
Michael Van de Poppe: “Bitcoin saw the $ 87,000 test.
In this statement, which is presented to the attention of investors, it was emphasized that the current consolidation process is important for financial markets.
Analyst said that 80,000 dollars for Bitcoin have a critical support level.
Michae van de Poppe: “Bitcoin may continue to accelerate as long as it remains above $ 80,000.”
Bitcoin is about $ 84,572 when the spelling is prepared. In the stagnant course of the price, the current resistance and support levels are closely monitored.
Analyst statements, the interest policies imposed by the central banks and liquidity may affect crypto asset prices. Van de Poppe’s comments are guiding for investors who want to evaluate the current situation of the market and monitor possible movements.
Considering the general situation of the market and the critical support levels for Bitcoin, it is important for investors to follow current developments. In the explanations, certain judgments are avoided and in the light of existing data, possible market scenarios are noted. Investors should consider the dynamic changes in digital asset markets, as well as economic developments as well as expert opinions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
