Cryptocurrency is becoming more popular nowadays and this creates interesting news that require a deep analysis. One of those news is related to the potential dip of the Bitcoin (BTC) price to the level of $27,000. Experts and analysts, such as Michaël van de Poppe and Rekt Capital, have warned crypto investors of a potential market crash if the US Federal Reserve Chair Jerome Powell starts to pivot.

Moreover, Plan B, an experienced crypto analyst, shared his insight on the current state of Bitcoin, claiming this to be an early bull market. According to Plan B, there are four stages of a bull (green and red candles) and bear (yellow and red candles) market. The first stage of a bull market is blue, which is currently where Bitcoin is at.

Michael van de Poppe predicted that Bitcoin's price will continuously rise to $ 28,600, as long as there is support at the $ 27,600 level. On the other hand, Rekt Capital believes that Bitcoin could still drop due to a "double-top" pattern. This pattern usually follows an "M" formation and if it's completed, then the price of Bitcoin might fall to the mark of $27,000.

Staying on longs with Bitcoin is said to be a plan recommended by van de Poppe. Additionally, some older altcoins are beginning to got breakouts. All of this must be taken into consideration before making any investment. It is always important to analyze the gathered data and do your own research.



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