Bitcoin at 'Pivotal Level' as $65K Downside Risk Looms

Michael van de Poppe, founder of MN Trading Capital, said Bitcoin is at a pivotal level and warned that 'if it doesn't hold, we're buying at Market participants remain split on whether the February $60,000 marked the cycle bottom. Veteran trader Peter Brandt said $60,000 may not be the lowest for 2026 and could be retested or move 'slightly lower' in September or October, while van de Poppe said he does not anticipate 'new lows.' Economist Timothy Peterson expects Bitcoin may grind higher 'over the summer' but to top out by the last week of July, calling the move relatively lackluster.

Van de Poppe added that the current structure differs from February's breakdown, when range resistance failed to hold as support, and identified the $71K area as crucial to prevent deeper corrections. If that support holds, he said Bitcoin could break through to $76,600 and potentially trigger a broader crypto market uptrend and a strong altcoin summer.

bitcoin, bitcoin price, $65k downside, $60k, cycle bottom, peter brandt, timothy peterson, $71k, $76,600, altcoin summer