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