BTC News: Analyst Van de Poppe Warns Bitcoin Could Test $70K Amid Global Market Turmoil

The Bitcoin price is facing a sharp downward pressure, decreasing about 30% from its peak of $109K. Analysts believe that market uncertainty combined with Black Monday panic could potentially restrain its price performance. According to analyst Van de Poppe, Bitcoin may reach $70,000 during global market reactions. 

Bitcoin Price Struggles Amid Global Market Shocks

Bitcoin gained popularity as an anti-volatile market tool but weakened due to worldwide economic conditions. According to analyst Van de Poppe, Bitcoin price is set for a crucial evaluation phase at the $70,000 level because traditional market forces have intensified alongside financial market fears.

There we go.

Black Monday, #Bitcoin back to the lows.

It's hard to judge how deep we'll go in times of panic, but we're taking the liquidity beneath the low and we'll be waiting on:
– Trump delaying Tariffs (not happening)
– FED announcing emergency meeting (max 1-2 weeks)
-… pic.twitter.com/acAPJrS5xB

— Michaël van de Poppe (@CryptoMichNL) April 7, 2025

These fears exist because of the imagined “Black Monday” events that would trigger an extreme market crash through geopolitical uncertainties and recent trade disruptions. Bitcoin faces declining pressures on its price as global markets fall, demonstrating its sensitivity to general macroeconomic elements. A well-known technical analyst, Van de Poppe, predicts that Bitcoin must face a deeper correction to $70K before stabilising.

The warning comes from Van de Poppe due to his analysis of economic conditions across a wider perspective. The tariff shock caused by American trade policies under US President Donald Trump has triggered market uncertainties about possible widespread financial turmoil. Bitcoin will experience a crucial test of its strength if the price reaches the $70,000 level when global markets remain in a state of anxiety.

The “Black Monday” Panic: What Does It Mean for Bitcoin?

A “Black Monday” panic emerged from fear of immediate steep market declines, manifesting during major trade disturbances. Events, including escalating tariffs, potential sanctions, and global geopolitical factors, create conditions likely to generate a massive market sell-off, impacting Bitcoin prices and other cryptocurrency assets.

A decline below $70,000 could create an essential transformation for Bitcoin. According to Van de Poppe, the predicted market shift will transform Bitcoin into a more volatile environment, presenting increased relations between its value and existing traditional finance systems. Past market downturns showed that Bitcoin price remains fragile to extensive economic downturns. 

Can Bitcoin Price Bounce Back from the $70K Test?

The $70,000 level in the Bitcoin price may serve as strong support, but the critical issue is its ability to rebound after dropping past this point. According to Van de Poppe, Bitcoin may reach support at $70,000, yet extended market decreases would create adverse conditions threatening investor expectations of substantial cryptocurrency gains.

Bitcoin must prove its ability to resist broader financial challenges to recover its upward trend. However, the probability of Bitcoin’s price rebounding to higher levels becomes uncertain when global markets keep sliding and Black Monday fears rise to unacceptable levels. When stability settles into the market with economic recovery, Bitcoin may generate another upward surge, reclaiming the $80,000 mark.

Image 1- provided by Van De Poppe, published on TradingView on April 7, 2025

At this time, Bitcoin investors need to observe worldwide market patterns and trade policy changes as they unfold. The future performance of cryptocurrency after reaching $70,000 will depend on how it handles the current crypto market crash. According to Van de Poppe, the crypto market will probably face long-term difficulties that require careful preparation from investors, who need to expect additional market disruptions.

Currently, the price of Bitcoin is experiencing strong adverse forces from international market fluctuations and political unrest. An analysis performed by analyst Van de Poppe indicates Bitcoin may reach the $70,000 level because of Black Monday panic fears. The long-term outlook for Bitcoin stays favourable, yet its immediate future becomes darker because market volatility increases along with economic instability. Bitcoin investors must stay alert yet prepared to accept price variations as markets adjust to worldwide economic changes.

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