In an analysis of the cryptocurrency market situation, investor Michaël van de Poppe opined that Bitcoin, along with other digital assets, may return to its downtrend if it falls below its current key level.
In a video published on February 12 on his YouTube account, the investor explains that, according to the graph of the value of bitcoin, the main digital currency could collapse again when its price falls below $41,000.
"If [that level] is lost in the next week or weeks, the entire construction is lost," the analyst stressed, noting that the current trend of the graph makes that level an important "barrier" between growth and collapse.
According to Van de Poppe, if Bitcoin stays above $41,000, its price could rise to $46,000 and even grow back to $50,000. However, a drop below that figure would mean that the support level would drop to $37,000, and eventually to $35,000, so a rally to highs would be delayed for a few months.
This Tuesday, the cryptocurrency is sold at $42,615, with a market capitalization of $810,316 million, according to data from the CoinMarketCap portal.
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