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Bitcoin has continued to trade sideways after failing to break above $84,000 yesterday, and a drop below $82,000 could trigger a deeper correction toward $79,000 or $77,000, crypto analyst Michaël van de Poppe said on X.
Van de Poppe said a prolonged range-bound trend could follow, while expectations and investor sentiment toward the altcoin market remain subdued. As volatility rises, daily and weekly price swings could widen, and investors need to stay calm and get used to such moves, Van de Poppe added.