Poppe Eyes Bitcoin Dip to $75,000 Amid Election Jitters

Bitcoin pulled back after testing its recent high, prompting analyst Michael van de Poppe to outline his next move. He plans to step in at $75,000 should the key support zone fail to hold.

Poppe pointed to uncertainty ahead of tomorrow’s US midterm elections as the main trigger for the early-week sell-off. Crypto markets tend to move sharply on political developments, and this week’s action fits the pattern.

The decisive factor now is whether price can print a higher low inside the marked support area. A bounce from there would improve the bullish outlook; a break lower would activate Poppe’s $75,000 buying level.

Based on information from cryptonews.net