Bitcoin’s Overextended Bounce: Michaël van de Poppe Identifies Key Support Levels

Despite recent volatility, Bitcoin has shown signs of recovery, according to market expert Michaël van de Poppe. However, the overall crypto market remains turbulent. Van de Poppe highlights that Bitcoin is showing signs of overextension on the downside, indicating potential reversal signals. 🧠 His latest chart analysis reveals that Bitcoin is experiencing a liquidity sweep pattern, with prices dropping below important support levels. This creates extended wicks and sudden reversals, suggesting increased uncertainty and selling pressure.