According to Michaël van de Poppe, Bitcoin is currently experiencing downward momentum, characterized by a trend of lower highs and lower lows. The analysis indicates a potential test at the current lows before any potential reversal. This suggests traders should remain cautious and consider the ongoing bearish trend when making decisions. [Source: Michaël van de Poppe on Twitter]

According to Pentoshi, Bitcoin is expected to follow its unique trajectory, potentially diverging from altcoins, which are predicted to experience dead cat bounces. These altcoins might face difficulty reaching new highs, with expectations of forming lower highs, indicating limited growth prospects. This analysis suggests traders could focus on Bitcoin's individual movement rather than expecting synchronized growth across altcoins. (Source: Pentoshi via Twitter)