Analyst: BTC must hold $71K support to avoid drop to $61K

Cryptocurrency analyst Kaal van de Poppe has stated that Bitcoin (BTC) is at a critical juncture. Writing on X, he noted that if BTC fails to hold the $71,000 support level, it could fall to a range of $61,000 to $65,000. However, he considers a drop below $61,000 unlikely, as this area aligns with the 200-day moving average, and past market cycles have not seen deeper corrections. Conversely, if the $71,000 support holds and BTC breaks through the $76,600 resistance, it could trigger a strong uptrend and an altcoin rally.