Crypto analyst and trader Michaël van de Poppe has warned his followers of Bitcoin's weakness at current levels and potential further retracement. He highlighted the final crucial level at $27,600 and suggested that if BTC does not recover fast and break the $28,800 level, it could drop to $26,200. At the time of writing, BTC is trading at $27,949 and has recorded a 2% price gain in the past 24 hours, but is still down about 9% in the last seven days. Van de Poppe also noted that BTC's drop is occurring despite less volatility for traditional financial indicators such as Nasdaq and the S&P 500.

(By Solomon Odunayo)