Crypto analyst Michael van de Poppe wrote that there could be a drop of thousands of dollars in the price if the critical level in Bitcoin is broken.
Michael van de Poppe said in his social media post that Bitcoin, which has failed to break the upward level at low time frames, continues to remain at a support point.
Preparing for the halving event a few days later, Bitcoin dropped to levels of $62,000 with a sharp decline over the weekend. Starting the week above $66,000, Bitcoin fell back to the $63,000 zone with the daily decline.
Highlighting the level of $61,441 in his post, Poppe said, “If this is lost, we can expect $55,000 to come, but I generally think that we will stay here and slowly climb up.”
