Crypto analyst Michaël van dePoppe said that Bitcoin will see a brief correction below $20,000 before a possible rally to $30,000.
Poppe emphasized that to achieve the rebound target, Bitcoin’s market capitalization needs to hold the 200-week moving average and remain above $19,000.
Additionally, Poppe noted that with Bitcoin stuck between $19,100 and $21,000, this could lead to a liquidity grab below that level.
Bitcoin needs to break above $20,400 and target $21,500 if any rally is to continue.