r/bitcoin Apr 22, 01:48 AM
Bitcoin continued its rebound at the beginning of the week, with market expectations rising again for it to test the $88,000 resistance level？？？ According to a report by blockchain media outlet The Crypto Basic on the 21st local time, market analyst Michaël van de Poppe stated that the pullback over the weekend was largely driven by risk aversion and does not indicate a weakening of Bitcoin's upward trend; further upside potential remains
Market data shows that Bitcoin ell from $78,360 to $73,600 over the weekend, a drop of approximately 6%. However, support around $73,000 was subsequently confirmed, with the price rebounding to around $75,000 before continuing its upward trend. Michaël van de Poppe had previously listed the $73,000 area on his charts as a "crucial zone that must be held," believing that this support had been confirmed by the market.
submitted by /u/Beneficial_Bet934
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