#Which coin are you most bullish on? Why? $935 Million in Bitcoin and Cryptocurrencies Has Steamed! Analyst Still Hopeful

$925 million in Bitcoin and cryptocurrencies has been vaporized.
An analyst advises buying the dips for this decline in BTC.
The analyst advises his followers to look at DOT and SNX.
We have all experienced a sad wave of decline in Bitcoin and cryptocurrencies since yesterday evening. When Bitcoin suddenly reached the level of $ 65,086, the declines in altcoins were very sharp. Analyst Michael van de Poppe made statements after the decline and recommended buying the dips. Of course, in order to make purchases, you must have some cash on hand.
$935 Million Deleted from Bitcoin and Cryptocurrencies
According to Coinglass data, 298,320 investors liquidated their positions in the last 24 hours due to yesterday's sharp decline. The total figure liquidated is $ 935 million. After the sharp decline, comments came from an analyst.
A closely followed analyst in the cryptocurrency market suggests that Bitcoin (BTC) is in an accumulation phase ahead of the next surge. On the social media platform, which has 711,500 followers, Michael van de Poppe states that gold and BTC will be heading towards all-time highs.
According to him, Bitcoin seems to be in the accumulation phase before the next breakout. Gold also continues to rise towards new all-time highs. At the time of writing, BTC's value is at $67,654.
Special Emphasis For 2 Altcoins
Focusing on the cryptocurrency Polkadot (DOT), Van de Poppe states that he will add DOT to his portfolio in the near future and comments:
"Here we go. DOT has reached a low cycle level in its appreciation due to the impact of Bitcoin. I believe that rotation is imminent, there is fundamental progress. Personally, I'm delighted to add it to my portfolio."
At the time of writing, DOT is trading at $7.29, down 14%. Finally, Van de Poppe discusses Synthetix (SNX), a decentralized finance (DeFi) crypto that allows synthetic asset creation on Ethereum (ETH). According to the analyst, SNX is currently showing little to no momentum against BTC. The analyst's comment is as follows
"There is a downward momentum and continuity here. Exceeding 6000 satoshis will indicate the presence of a great power. I would say that the momentum is very low for the moment. First of all, ETH needs to move, and then that will come back."
At the time of writing, the value of SNX stands at $3.24. SNX lost 16% of its value.
#ContentStar #Gate post Highlights
#HotTopicDiscussion #BountyCreator
#GateLive #NewsMessenger