Analysts: Crypto assets often adjust before a week of The Federal Reserve (FED) meetings, with a pullback potentially ending on Tuesday and starting a rebound.
BlockBeats news, on May 4th, according to Cointelegraph, crypto analyst Michaël van de Poppe stated, "Despite the strong recent rebound of Bitcoin, there is still enough room to retest the support level. I would prefer to see Bitcoin stay above $91,500 to $92,000. For me, this will validate the continuation of the upward trend, as the previous range support becomes effective support again, which means there is hope to continue challenging the all-time high (ATH). Crypto Assets and alts often tend to adjust in the week before the Federal Reserve (FED) meeting, speculating that this round of adjustment will end around Tuesday, after which a rebound will begin."
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Analysts: Crypto assets often adjust before a week of The Federal Reserve (FED) meetings, with a pullback potentially ending on Tuesday and starting a rebound.
BlockBeats news, on May 4th, according to Cointelegraph, crypto analyst Michaël van de Poppe stated, "Despite the strong recent rebound of Bitcoin, there is still enough room to retest the support level. I would prefer to see Bitcoin stay above $91,500 to $92,000. For me, this will validate the continuation of the upward trend, as the previous range support becomes effective support again, which means there is hope to continue challenging the all-time high (ATH). Crypto Assets and alts often tend to adjust in the week before the Federal Reserve (FED) meeting, speculating that this round of adjustment will end around Tuesday, after which a rebound will begin."