Cryptocurrency analyst Michaël van de Poppe diagnosed, "BTC faced strong resistance in the $80,000 range yesterday, but this does not mean a sharp drop." He added, "BTC has already laid the groundwork for an upward trend, and there is a high possibility of further increases after a period of short-term consolidation. The short-term upward trend remains valid until the price drops below $73,000-$75,000, and the current price is above that range."