Noted crypto analyst Michaël van de Poppe suggests that the upcoming days could be a turning point for Bitcoin (BTC), based on its performance against the 200-week moving average (MA).
He predicts that if Bitcoin manages to reclaim a key support level, it may ignite rallies, but failing that, it could decline to as low as $26,000 before any significant rebound.
Deciphering Bitcoin’s Future Trajectory
Michaël van de Poppe, a widely-followed crypto strategist, forecasts a critical juncture for Bitcoin (BTC) in the coming days. Keeping his 657,000 Twitter followers abreast, Van de Poppe is closely watching if Bitcoin can retest the 200-week moving average (MA) as a support line.
In his viewpoint, a successful retest of this technical indicator might signal an end to Bitcoin’s ongoing correction. Recalling historical patterns, he observes that retesting the 200-week MA has traditionally been a prime time for accumulation. Moreover, he notes that Bitcoin has remained undervalued for a

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