Analyst Sees BTC Retesting Support Amid Market Weakness

• Michael van de Poppe expects Bitcoin to retest recent lows after crashing 36% since Jan. 
• The analyst’s chart shows key support around the $57,000-$57,500 price levels.
• Peter Schiff argues that war fuels inflation through larger deficits and money creation.

Bitcoin remains bearish with Fear and Greed hitting 15 on CoinMarketCap while traders mull weak market structure, sticky inflation, and rising tensions in the Middle East.

Crypto analyst Michael van de Poppe said Bitcoin has not yet made a clear decision on direction and expects another move lower in the coming days to sweep liquidity. He said there is little strength in the market and that the technical picture remains bearish unless Bitcoin can reclaim $64,000.

Inflation and War Add More Pressure

The macro backdrop has turned more difficult for risk assets. US consumer prices rose 4.2% year over year i…

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