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Bitcoin risks collapse below $65,000 if it fails to hold $74,000 support, warns analyst.

Market News
21 May 2026
The Daily Hodl
View Source
Bearish
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Crypto analyst Michaël van de Poppe warns that Bitcoin could sharply decline if it fails to maintain support above $74,000. The market shows weakness with five days of losses and no momentum, and a key resistance zone at $79,100 remains unbroken. If Bitcoin falls below $74,000, it may test levels under $65,000. Additionally, bearish global economic signals, such as rising oil prices and yields, are unfavorable for Bitcoin's recovery. Currently, Bitcoin trades around $77,786, slightly up in the last 24 hours.

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