Bitcoin could fall to its annual February low if it fails to maintain support above the $70,000 level, according to a cryptocurrency analyst.

“Bitcoin is at a key level, and if it doesn’t hold, we will buy for <$65,000” – founder of MN Trading Capital Michael van de Poppe he said in post X on Saturday. Bitcoin (BTC) hit a yearly low of $60,000 in early February before rising to $73,873 at press time, According to to CoinMarketCap.

This comes as cryptocurrency market participants are divided over whether Bitcoin’s early February price of $60,000 marked the bottom of the cycle or whether further declines are yet to come.

Bitcoin could exceed $76,000 if current levels continue

Experienced trader Peter Brandt said in March that $60,000 may not be the low in 2026, predicting that Bitcoin could retest or even fall “slightly lower” than the price level in September or October this year.

Van de Poppe said he did not anticipate “new lows.”

Meanwhile, economist Timothy Peterson he said in X’s post on Saturday that Bitcoin may surge “in the summer” but will peak in the last week of July. “But it will still be relatively weak,” Peterson said.

Source: Timothy Peterson

Van de Poppe said this structure is “different from the previous division in February.” He said range resistance failed to hold as support in February. “The $71,000 area remains a key support level and in my opinion it should be maintained in this particular zone to prevent deeper corrections,” van de Poppe said.

However, van de Poppe said that if current price levels continue, Bitcoin could break through to $76,600, potentially sparking a broader uptrend in the cryptocurrency market. “If this breaks, there will be up-to-date highs soon and we will likely see powerful ones Summer on Altcoins,” said van de Poppe.

Bitcoin ETF flows may suggest a market bottom

Meanwhile, cryptocurrency analytics Santiment Intelligence company recently said that the continued outflow of Bitcoin ETFs could suggest that the market bottom is near.

Related: Bitcoin retail sentiment still matters, says Swan Bitcoin CEO

Spot Bitcoin ETFs have recorded outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15.

Total net assets held in spot Bitcoin ETFs fell from $104.29 billion on May 15 to $94.17 billion on Friday, a decline of about $10 billion in two weeks.

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