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Analyst: Cryptocurrencies Typically Adjust the Week Before Fed Meetings, Correction May End and Rebound Start on Tuesday

Analyst: Cryptocurrencies Typically Adjust the Week Before Fed Meetings, Correction May End and Rebound Start on Tuesday

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ChaincatcherChaincatcher2025/05/04 15:53

According to Cointelegraph, crypto analyst Michaël van de Poppe stated, "Despite the recent strong rebound in Bitcoin, there is still enough room to retest support levels. I would prefer to see Bitcoin remain above $91,500 to $92,000.

For me, this would confirm the continuation of the upward trend, as the previous range support becomes effective support again, indicating a potential to continue challenging the all-time high (ATH). Cryptocurrencies and altcoins tend to adjust in the week before the Federal Reserve meeting, speculating that this round of adjustment will end around Tuesday, after which a rebound will begin.

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