- Michael van de Poppe tweeted his technical analysis for BTC yesterday.
- The trader shared that he will be looking to enter a long position when BTC’s price reaches $21k.
- BTC’s price may begin rallying if inflation rates begin to drop.
According to the trader, BTC’s daily chart shows that Bitcoin is currently in a corrective period. He did, however, state that this correction may be short-lived. Michael van de Poppe shared that BTC’s price hitting $21k will be a good entry for a long position, but did warn that the possibility of BTC’s price dropping to $19.7k is still present.