A generally followed crypto analyst is to identify the key resistance level Bitcoin (BTC) to make his next big step to the top.
In a new thread, crypto analyst Michaël van de Poppe tells His 792,600 followers on the social media platform X that if the crypto king can regain the level of $ 106,000, it would indicate his next large leg.
“Update on Bitcoin: it has taken the liquidity and sent back. What is the next step? Ideally I would like to see and hold a break of $ 106,000. That would be the big signal for the next bull market bone.”
Van de Poppe will say that he expected The best crypto assets per market capitalization to test the level of $ 106,000 in the coming days, while he noticed that the last meeting of the Fed was a touch.
“FOMC (Federal Open Market Committee) Show is over, which was a nothing hamburger, means that we are back in the normal trade competition for Bitcoin. I suppose we will see a test of $ 106,000 and Breakout North. Altcoins are again better.”
Close his analysis with Ethereum (ETH), Van de Poppe out It seems that the market is ready to rotate in the second largest digital active active per market capitalization and other altcoins, because ETH did not see much exercise when BTC last consolidated it.
“A fairly strong signal that ETH consolidates and did not move on these levels while Bitcoin consolidated. That is a strong signal that the market sentiment and the momentum are running on Ethereum and Altcoins.”
Bitcoin acts for $ 104,236 at the time of writing, a fractional decrease during the last 24 hours. Ethereum is appreciated at $ 2,497, also a marginal increase on the day.
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Featured image: Shutterstock/Tomertu