Crypto analyst Michaël van de Poppe, in his assessment of Bitcoin’s current market structure, highlighted two critical resistance zones that investors should watch.
According to Van de Poppe, the key levels for Bitcoin in the short term are the $86,000–$88,000 range and the $93,000–$95,000 range where the 50-week moving average is located.
The analyst noted that the first major upward movements in bull cycles often encounter strong resistance around previous support levels or the 50-week moving average. Van de Poppe stated that a similar pattern was observed in the 2017, 2021, and 2024 cycles.
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According to Van de Poppe, Bitcoin could consolidate by moving sideways in these resistance zones for a few weeks. The analyst argued that this process could pave the way for new upward movements in the altcoin market.
However, the analyst also predicted that Bitcoin could experience a pullback towards the $70,000-$75,000 range after consolidation in resistance zones. Despite this, Van de Poppe stated that he believes current levels represent the bottom of a long-term bear market and that the overall market outlook is once again bullish.
*This is not investment advice.
