Michael Van De Poppe predicts Bitcoin price as BTC crashes to $45,000 and traders rush to buy this ICO before it’s too late

The Bitcoin price has only risen slightly over the past 24 hours, trading at $54,916 as of 3:46 a.m. ET, while trading volume has surged 42% to $22 billion.

According to cryptocurrency analyst Michael van de Poppe, things could get worse before they get better.

He expects BTC to crash to $45,000 before Fed rate cuts, a weakening U.S. economy, and Chinese liquidity injections help bring about “the biggest bull cycle in history.”

big #bitcoin Is a crash coming?

That’s the feeling and the most important question.

The prevailing opinion is that the cryptocurrency market will experience a massive crash in 2024.
I discussed this in my latest video: https://t.co/T8lKgu9OFm

My short… pic.twitter.com/iVl7TkBkHE

— Michael van de Poppe (@CryptoMichNL) September 8, 2024

Bitcoin Price Prediction: BTC May Continue Downtrend

Bitcoin price has been in a downtrend in September, turning bearish and breaking through the $59,000-$62,000 resistance zone. BTC broke through the yellow ascending trend line, indicating a change from an uptrend to a downtrend.

The recent downtrend has seen Bitcoin price trading below both the 50-day and 200-day simple moving averages (SMA), confirming the current price correction.

Additionally, the Relative Strength Index (RSI) appears to have bounced from the 30-sell overheated zone and is currently surging towards the neutral zone of 41, indicating that buyers are gearing up to buy at this point.

The fair value gap (FVG) between $45,000 and $50,000 remains a long-term target for sustained downside.

BTCUSDT Chart Analysis (Source: Tradingview)

If the downtrend continues, Bitcoin could fall to $45,000.

However, if the bulls stage a bullish reversal, BTC could surge above the $62,000 resistance level, targeting the $69,000 resistance level.

Investors are buying amid uncertainty over the future of Bitcoin’s price. Meme Game (MGMES)There’s less than a day left in the pre-order period.

Meme Games offers last chance to buy one day before launch

Meme Games, which raised over $442,000,We’re bringing Olympic-style competitions to the meme coin space, featuring iconic internet memes like Dogecoin, Pepe, Dogwifhat, Brett, and Turbo.

Crypto Breaking News
Meme Games raised over $100,000 in its first day of presale. The Meme Games presale raised over $100,000 in its first 24 hours, putting the spotlight on the booming memecoin sector. #Partner Content Check us out at https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4

— InnovatekMobile (@Neome_com) July 17, 2024

Investors can purchase MGMES tokens to support one of these five meme coin players in a virtual competition. If their chosen meme wins, as determined randomly via blockchain technology, they will receive a 25% bonus on their initial investment.

This unique concept adds an exciting competitive element by offering pre-sale buyers token bonuses if they win the event.

Meme player selection is random and verified through blockchain technology to ensure fairness.

Token holders can also passively earn returns through the project’s staking mechanism. Buy and Stake $MGMES The annual percentage yield (APY) is a whopping 443%.

According to popular YouTube channel 99Bitcoin with over 706K subscribers, $MGMES could soar 100x after its launch tomorrow.

Buy $MGMES tokens for $0.00945 each on the official website here Use ETH, BNB, USDT or your bank card. Buy now and get a 25% bonus on your investment.

Related News

Most Searched Crypto Launch – Pepe Unchained

• Layer 2 Meme Coin Ecosystem
• Featured on Cointelegraph
• SolidProof and Coinsult audited
• Staking Rewards – pepeunchained.com
• ICO Raises Over $10 Million – Closing Soon