According to Michaël van de Poppe, Bitcoin is likely to test its lows as it has recently rejected the first resistance zone. The $80K area is identified as a potential starting point for a pre-election rally, suggesting a liquidity take beneath the wick. Van de Poppe emphasizes the need for a strong volume candle, with a rapid bounce after liquidity is absorbed, which could indicate a bullish reversal. (Source: Twitter @CryptoMichNL)