[Analysis: Bitcoin's $70,000 Key Level Sparks Market Divergence, Support Level May Determine Direction of Price Movement] Odaily Planet Daily reports that there is a clear divergence within the industry regarding the current crypto market trend. Economist Timothy Peterson stated that Bitcoin might experience a slow rise during the summer, potentially reaching a short-term peak by the end of July, with relatively subdued performance. However, MN Trading Capital founder Michael van de Poppe believes that while Bitcoin hit a low of $60,000 in February this year, the market structure is different from the downturn in February. Whether the key support zone can hold will determine if a deeper correction can be avoided. Currently at a critical juncture, if Bitcoin holds the $71,000 support level, it could further break through to $76,000, potentially triggering a broader crypto market rally and ushering in a strong altcoin season. However, if it fails to hold the $70,000 support level, it may quickly drop to the $65,000 range. (Cointelegraph)