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MN Trading Capital founder Michael van de Poppe posted on the X platform saying, "Bitcoin is at a critical price level. If it doesn't hold, it will fall below $65k." But he believes a new low will not occur. If that happens, Bitcoin will drop below $61,000, which is where the 200-day moving average is located. Further decline would be pointless because, in any market cycle, it would not lead to good results. However, this structure is different from the February decline. The reason is that the resistance zone in February failed to turn into support.