Bitcoin is currently testing a critical support level, with its price under pressure as traders await the outcome of the Japanese Central Bank meeting. Analyst Michaël van de Poppe has highlighted the importance of this support zone, suggesting that Bitcoin may continue to decline if the meeting does not provide clarity. The meeting, scheduled within the next 48 hours, is crucial for Bitcoin's short-term price trajectory. Market participants are exercising caution, holding off on significant moves until the Japanese Central Bank's decision is announced. If the meeting results in clear guidance, Bitcoin could stabilize and potentially recover. However, continued uncertainty may lead to further declines, testing new lows. The outcome of this meeting is expected to significantly influence Bitcoin's immediate future.