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Van de Poppe Says Bitcoin Must Hold $74,000 for an $80,000 Recovery

Bitcoin traded at about $73,755 at 4:07 a.m. ET (09:07 UTC) Wednesday, Nov. 11.

By Enna Lee
Published
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A gold token teeters on a stone ledge above a lower shelf / TokenPost.ai
A gold token teeters on a stone ledge above a lower shelf / TokenPost.ai

Crypto trader Michaël van de Poppe has turned bullish on Bitcoin (BTC), saying it needs to hold around $74,000 for a possible recovery toward $80,000.

His view centers on whether Bitcoin can stay near the $74,000 area.

As of 4:07 a.m. ET (09:07 UTC) Wednesday, Nov. 11, Bitcoin traded at about $73,755.

Reclaiming a level as support means moving back above it and holding there. The 4:07 a.m. ET observation alone does not show whether Bitcoin will sustain a move above $74,000.

The reported outlook points to $80,000 as a possible recovery level, but gives no timetable.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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