- Bitcoin is consolidating ahead of a breakout towards a new all-time high.
- Price action around key levels will determine Bitcoin’s next movement.
- Dropping lower will create a liquidity spot for Bitcoin.
Bitcoin’s latest consolidation is attracting interest from top cryptocurrency analysts, with many watching for a move that could trigger a new all-time high. One such analyst, Michael van de Poppe, has highlighted the key price levels that he believes could trigger a massive breakout ahead of a retest of the $112,000 all-time high.
In his latest post on X, the renowned cryptocurrency analyst applied the 4-hour BTCUSD chart on TradingView to highlight the crucial levels and what he expects from Bitcoin in the future. Van de Poppe noted that $108,924 marks a critical price for Bitcoin. He believes it is the most crucial level in the current situation and a price BTC needs to break above to confirm momentum.
In the meantime, the analyst spotted several levels that could significantly affect the Bitcoin price outcome. Van de Poppe spotted the region around $105,000 as a liquidity spot. According to him, dropping to that level would allow retailers to accumulate more Bitcoin. He also considered $100,000 with a similar sentiment if the price drops to that level.
Is Bitcoin following a bullish pattern right now?
The analyst identified historical regions on the BTC 4-hour chart that significantly affected the cryptocurrency’s latest behavior. Van de Poppe highlighted the areas that triggered Bitcoin price acceleration and where the crypto found support.
Related: Bitcoin (BTC) Price Prediction For July 2025
He figured out a pattern that could repeat itself, which involves a previous breakout that saw Bitcoin accelerate towards $108,000. According to the analyst, a break above $110,545 will trigger a price acceleration that could see Bitcoin reach a new all-time high.
Related: Bitcoin Price Prediction For June 28 2025: BTC Holds $107K As Bulls Test $108K–$109K Resistance Zone
Bitcoin traded for $107,667 at the time of writing, following a remarkable 10% surge in the past week. The upside momentum reduced over the weekend, highlighting Van de Poppe’s observation that the price is consolidating. It is worth noting that the consolidation is around a Fibonacci retracement mid-range, and breaking above that could trigger the bullish momentum for the next notable rally.
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