📈 It won't be a surprise if Bitcoin tests the mark of $58,000 again, as that is where the 200-week moving average price is, believes MN Capital founder Michael van de Poppe.

"The price will likely stay at this level for some time before continuing to move down, breaking the lows. If this happens, the ideal level to buy would be reaching the mark of $60,000."

This scenario will be canceled by a confident breakthrough above $71,000.