Crypto analyst Michaël van de Poppe stated in his latest assessment of the Bitcoin market that bullish signals are gaining strength and that a critical breakout level is being approached.
According to the analyst, Bitcoin’s current price structure, contrary to previous expectations, makes an upward scenario possible without causing a liquidity accumulation movement below its lows.
Van de Poppe noted that historically, the market has often risen after accumulating liquidity by falling below lows. However, he stated that this scenario has not yet occurred, but the likelihood of an uptrend is steadily increasing. The analyst emphasized that the $71,000 level is a critical threshold at this point.
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Van de Poppe believes that a surge in Bitcoin’s price above $71,000 could create strong market momentum, and that this movement might not be limited to Bitcoin alone. He specifically noted that Ethereum is already showing stronger momentum, suggesting this could be a positive leading indicator for the overall market.
Van de Poppe also touched upon price targets, stating that the $76,000–$79,000 range stands out in the first stage. He indicated that if this region is surpassed, the next target would be $86,000. According to the analyst, a break above these levels could pave the way for a new mini-rally in the altcoin market.
*This is not investment advice.
