Founder of MN Trading and analyst Michael van de Poppe (Michael van de Poppe) stated that the current stability of Bitcoin may indicate the formation of a base for further growth. According to him, the market is in a consolidation phase, during which a range is forming and liquidity is being accumulated. In such conditions, seller pressure decreases, and market participants are preparing for the next move. "A prolonged sideways range is a normal phase for the market after strong movements. It allows the previous rally to be 'digested' and sets the stage for the next bullish phase," the analyst noted. He added that a key signal will be the price reaction when attempting to break out of the current range. Holding above the $70 000 level could confirm readiness for growth, while failure to stay above it would indicate ongoing uncertainty. Previously, Michael van de Poppe noted that after the decline in February, Bitcoin is forming higher lows, which could indicate strengthening market structure.