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Michael van de Poppe indicates there is currently no clear direction for BTC. He observes that the overall weakness in cryptocurrency markets could lead to a test of recent lows in the coming days to capture liquidity.
According to van de Poppe, there is limited strength visible, contributing to the current uncertain outlook.
Van de Poppe previously identified Bitcoin support at the $66,000 and $61,000 levels, highlighting the importance of the 200-week moving average. He has also noted that ETH's daily RSI recently hit its lowest level on record. These observations come amid his continued focus on key technical signals across major cryptocurrencies.