Michael Van de Poppe: Bitcoin is consolidated before the breakthrough

The current Bitcoin consolidation attracts the interest of cryptoanalysts, many of which are waiting for movements to the new historical maximum. One of them Michael Van de Poppe allocated key prices of prices, which, in his opinion, can provoke a mass breakthrough before re -testing the historical maximum of $ 112,000.

The famous cryptocurrency analyst used a 4-hour BTCUSD schedule for TradingView to highlight important standards for what he expects from bitcoin in the future. Van de Poppe believes that the $ 108.924 mark is critical for bitcoin. He believes that this is the most important level in the current situation, and the BTC should overcome this price in order to confirm the impulse.

In addition, the analyst has identified several levels that can significantly affect the price of bitcoin. Van de Poppe designated the area of ​​about $ 105,000 as a liquidity point. According to him, the fall to this level will allow retailers to accumulate more bitcoins.

The expert identified historical areas on the 4-hour BTC schedule, which significantly influenced the recent cryptocurrency behavior. Van de Poppe identified areas that caused the acceleration of bitcoin prices and which provided cryptocurrency support.

Michael calculated the pattern with the previous breakthrough, when Bitcoin took off to $ 108,000. According to the analyst, a breakthrough above $ 110.545 will cause acceleration of the price, as a result of which bitcoin can reach a new historical maximum.

Note that the current consolidation occurs near the middle of Fibonacci correction, and a breakthrough above this level can provoke a bull impulse for the next rally up.

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