Michaël van de Poppe Says Bitcoin Must Hold $74K Before Any Climb Back to $80K

Three Things to Know Veteran trader Michaël van de Poppe sees Bitcoin's pullback as a chance to buy, with one firm condition attached. Bitcoin trades below both its 50-day and 200-day averages, and momentum still favors sellers. The $74K area is the line his bullish case cannot afford to lose. Michaël van de Poppe has turned bullish on Bitcoin after its slide this month. The veteran trader calls the current zone a buying window, provided buyers defend it first. His call lands at a fragile moment for the largest cryptocurrency. Sellers have controlled the trend for weeks, and the chart shows thin support below.

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