Cryptocurrency analyst Michaël van de Poppe diagnosed, "Although BTC faced strong resistance in the $80,000 range yesterday, this does not mean a sharp drop." He added, "BTC has already laid the groundwork for an upward trend, and there is a high possibility of further increases after a short period of consolidation. The short-term uptrend remains valid as long as the price does not fall below $73,000-$75,000, and the current price is above that range."