# Crypto: Crypto Markets Near End of Downtrend, Seeing Bitcoin Bounce

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Last modified: 2022-05-12

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By Paul Ebeling · 2022-05-12
Tags: Luxury, Lifestyle, Paul Ebeling, Bitcoin, Crypto, crypto, cryptocurrency, Bitcoin, Knightsbridge Insights, Living, Knightsbridge, Featured, KNIGHTS, Business, Market, Money, knightsbridgedao
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #cryptocurrency #bitcoin #knightsbridgeDAO

$BTCUSD

"*Popular digital asset analyst Michaël van de Poppe thinks traders have massive opportunities everywhere during this crypto market downturn" *-- Paul Ebeling

Mr. Van de Poppe [tells](https://twitter.com/CryptoMichNL/status/1523777328723238917) his 595,600 Twitter followers that Bitcoin could already be nearing the end of its Bearish slump.

"*The more I’m starting to see targets like $8,000 or $12,000 for Bitcoin, the more convinced I am we’re getting into the end stages of this downwards run. It’s actually capitulation already.”*

Bitcoin is trading for $27,112.25 at time of writing.

Mr. Van de Poppe thinks altcoins may be in a bear market for a yr. Still, he says big opportunities exist for traders.

*“People don’t want to see that it’s a tremendous opportunity at this point. No, people are busy shouting that we’re going down even more and people are convinced we will. Maybe, we can. Definitely. But the upside is f@#%$!& crazy. I’d almost sell a kidney with those prices.”*

The analyst argues that one of those opportunities is the decentralized oracle network Chainlink (LINK).

[And yes there are ](https://knights.app/the-knightsbridge-dao/)[*Massive *](https://knights.app/the-knightsbridge-dao/)[opportunities everywhere, join us at KnightsbridgeDAO.](https://knights.app/the-knightsbridge-dao/)

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Have a prosperous day, Keep the Faith!

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