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Crypto Fund Manager Spots Repeat of 2020 Bear Trap in Bitcoin’s Price

  • Crypto fund manager Michaël van de Poppe compares Bitcoin's current price situation to the global financial dump and pump during the worst of the coronavirus pandemic in 2020.
  • Van de Poppe suggests that the current market correction in Bitcoin could lead to a strong upwards run, similar to the March 2020 bull market.
  • He emphasizes the importance of building an investment thesis around the market's position in the next six months rather than speculating about short-term fluctuations.
  • Van de Poppe observes a bullish trend channel for Bitcoin, indicating that the price may significantly increase 6 to 12 months from now due to the amount of liquidity being added.

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