Bitcoin is approaching a pivotal juncture on its price chart, with top crypto analyst Michaël van de Poppe highlighting $110,500 as the final resistance before a potential move to new all-time highs (ATHs).
In a June 11 post, van de Poppe noted that BTC’s chart is “primed for a breakout,” although the current level makes it difficult for traders to secure a clear entry.
He identified the $110,500 zone as a critical ceiling, where liquidity has already been taken, suggesting that the market is preparing for a significant move.
According to van de Poppe, any dip into the $107,000–$108,000 range would represent a “golden” buying opportunity. His chart underscores this region as an ideal area to accumulate for continuation, especially if liquidity builds up once again below support.
The chart also points to a pattern of “slight accelerations,” suggesting bullish momentum is gradually building. If Bitcoin holds the current structure and reclaims $110,500, a surge toward price discovery could be imminent. However, if the breakout fails to materialize, van de Poppe warns of a retracement similar to what was seen last week.
With sentiment leaning bullish and technical levels clearly mapped out, traders are closely watching this range as Bitcoin inches closer to a decisive breakout.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/bitcoin-eyes-breakout-as-110k-resistance-holds-key-dip-zone-highlighted/