Analyst says he is buying BTC at a key support zone

Cryptocurrency analyst Michaël van de Poppe, who has 820,000 followers, said on X he is buying BTC today. Van de Poppe said extreme pessimism has spread across the market, but during past bull markets, Bitcoin pullbacks were limited to around 20% despite various negative developments. He added that the current price sits in a key support zone slightly below the 200-day moving average and offers an attractive buying opportunity from a liquidity perspective. Van de Poppe also said a pattern in which BTC formed a bottom ahead of a Friday before a SpaceX IPO could repeat. He said BTC has lagged even as the Nasdaq rose sharply, widening the performance gap between the two assets, and he decided to buy because he expects that gap to narrow quickly.