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Bitcoin needs to stay above weekly block, Michael van de Poppe states

Bitcoin needs to stay above weekly block, Michael van de Poppe states
Bitcoin key level and outlook discussed

Michael van de Poppe stated that Bitcoin must remain above the current weekly block for the situation to be stable.

He noted a relatively strong upward bounce in the market and expressed his view that significant further downward momentum is unlikely. Van de Poppe indicated he is now looking for upward movement in Bitcoin's price.

Van de Poppe previously linked recent declines in bitcoin and altcoins to volatility in the Korea market, rather than crypto-specific factors, in his earlier analysis. He has also highlighted NEAR's rapid development in addressing quantum-computing risks, expressing a bullish stance on the project in a separate commentary. His recent remarks continue his focus on key drivers impacting digital asset prices.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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