Crypto expert alarming about possible crypto crash soon!

Why is crypto crashing:

Crypto flash crash ahead, expect 20-30% altcoin declines before year-end

 

The cryptocurrency market is currently experiencing a bullish phase, with Bitcoin on the verge of hitting the $100,000 mark. Since November 5, Bitcoin has surged by 45.65%, while the Altcoin market has seen an increase of 46.57%. Many anticipate continued bullish momentum in the coming months. Crypto expert Michael van de Poppe suggests caution regarding the immediate future of the possible crypto crash on crypto market.

Crypto crash is a sudden price drop of over 5 to 10% in a single day, which can cause significant market disruption. Michael van de Poppe predicts that the Bitcoin market may experience at least 4 to 6 flash crypto crashes before the end of the year. Due to the unpredictable nature of these events, it is nearly impossible to predict their exact timing, but van de Poppe asserts that they are inevitable.

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At the start of November 5, Bitcoin was priced at $67,848.59. By November 11, it had surged to a peak of $88,634.15, driven by the post-US election bullish sentiment. Between November 12 and 18, the market fluctuated between $91,079.51 and $87,339.55. On November 19, Bitcoin broke above this range, and its price now stands at $98,975.41, marking a 9.40% increase since then.

According to Michael van de Poppe, crypto crash could start by following the crash of BTC and lead to a significant drop in the Altcoin market, potentially falling by 20 to 30%. This means that the entire cryptocurrency market could be affected. The total market cap of Altcoins is currently $1.28 trillion, having grown by over 46.57% since November 5, when it stood at $873.78 billion.

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Despite the alarming nature of flash crypto crash, van de Poppe suggests that these events could present buying opportunities. After the possible crypto crash, the Bitcoin market may stabilize, creating a favorable environment for a bullish rally in the Altcoin market. He advises traders to use these price drops as opportunities to allocate funds strategically, potentially leading to strong gains when the market rebounds.