According to crypto analyst Michael van de Poppe, the next week will be crucial for Bitcoin (BTC). If BTC can successfully break out after retesting the 200-day moving average, it could see a new uptrend. However, if it fails to break above this level, it could fall to past recent lows, with the key target at $25k or lower.
Market events next week, including US GDP revisions and a decision on the debt-ceiling talks, could have an impact on Bitcoin's price. Van de Poppe sees the next few days as important for bulls, suggesting that it could be a "make-or-break" situation.
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