🔥 Bitcoin has weakened significantly on December 1st— as Crypto Analyst Michaël van de Poppe stated—this drop is merely a correction within a major bullish trend.
📉 Bitcoin has repeatedly challenged a crucial resistance level.
However, like previous times, it got rejected and a short-term sell-off occurred.
🤖 As the analyst mentioned—this early-month volatility is mainly due to
Algorithmic trading flows tend to boost short-term selling when they reset at the beginning of the month.
💧 Additionally, many market makers were liquidated in October,
Crypto market liquidity is quite low,
➡️ “Even if there are just a few sell orders, the price can drop significantly.”
Conditions have arisen.
📊 Based on TradingView data, Bitcoin
Has been repeatedly testing the resistance.
A slight liquidity sweep occurred.
Buyers are rapidly buying and holding the Price firmly.
📆 According to the analyst's view, the next 1-2 weeks are the most crucial.
Bitcoin has tested the Resistance again.
➡️ If the breakout is successful,
A bullish uptrend can rise significantly and quickly. 🚀
✨
This correction is not a sign of weakness.
A market structure that is preparing for the next big move.
$BTC
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