The famous Dutch trader Michael Van de Poppe evaluated the latest situation of Bitcoin.
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Bitcoin, the leading cryptocurrency, started a new decline following the new shutdown orders from China. Bitcoin declined from the $33,000 levels it saw process to the $31,500 levels.
The famous analyst said in his latest tweet that he evaluated the status of Bitcoin, that Bitcoin made a smooth bounce from the $ 31,500 region. According to the analyst, the precious level to follow in Bitcoin is around $ 32, 600. If Bitcoin stays above $32,600, it could retest $34,500.
The analyst also added that as long as Bitcoin continues to stay above the upper level, altcoins will follow Bitcoin.