Bitcoin appears to have halted its downward price movement and is attempting to establish a foundation above the $27,000 position, following its failure to sustain gains above the $30,000 mark. Pseudonymous crypto analyst El_crypto_prof suggested that the losses might be short-lived, pointing to historical data that suggests a potential bull run for Bitcoin following the end of smart money accumulation, signaled by the Quantitative Qualitative Estimation surpassing zero. Meanwhile, crypto trading expert Michaël van de Poppe projected that if Bitcoin experiences a lower test, it could lead to bullish divergences and opportunities for long plays towards $28,700.
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