Cryptocurrency analyst Michaël van de Poppe stated via X, "Bitcoin is showing its first bearish signal today. Currently, with the Nasdaq correction and US 10-year Treasury yields surpassing 4.50%, Bitcoin's upward momentum is weakening. If the $76,000 support level is maintained, there's potential for further upside, possibly rising to around $90,000, where the 50-week moving average is located on a weekly basis. However, if this support level breaks, downward pressure could intensify in the short term."
