Bitcoin (BTC) has entered a volatile phase, and according to cryptocurrency analyst Michaël van de Poppe, this could soon present a new buying opportunity.
His outlook follows recent losses that dragged the broader market lower, triggered by escalating tensions between Israel and Iran.
After failing to hold above $106,000, Bitcoin began what Poppe described as a “cascade south,” slicing through liquidity zones and prompting a wave of sell-offs, he noted in a June 14 X post.
A brief bounce followed, but the recovery was quickly rejected at the same $106,000 level, now acting as firm resistance. The leading digital currency had regained bullish momentum earlier, only to lose it after a liquidity sweep and sharp rejection at a local high.
Now, the $101,500 to $102,500 range could serve as either a launchpad for recovery or a setup for further downside.
To this end, Poppe noted that a fresh rally could take shape if Bitcoin holds above $102,500 and consolidates. But if selling pressure intensifies, he sees the $98,000 to $99,000 zone as a strong candidate for a high-probability long entry.
At the same time, Bitcoin’s volume profile supports this view, highlighting heavy selling after the failed breakout. A lower support zone could also be a trap for late short positions, offering an ideal re-entry point for bullish traders.
In a separate June 14 analysis, RLinda noted that Bitcoin is consolidating within a broad range between $100,600 and $110,400.
The Middle East geopolitical tension spike briefly disrupted its bullish structure, pushing the price down to $102,500 before a sharp recovery. That rebound reinforced support at $102,500, with $106,200 now a key resistance level.
Despite market uncertainty, Bitcoin continues to hold above critical support. According to the analyst, short-term trading strategies remain viable if the cryptocurrency stays within the $100,600 to $102,500 range.
Therefore, a breakout above $106,200 could open the door to $108,200 or even $110,400.
By press time, Bitcoin was trading at $104,600, down 0.4% on the day and nearly 4% for the week.
Technically, the asset remains above its 50-day and 200-day simple moving averages (SMA), suggesting the broader uptrend is intact. The 14-day relative strength index (RSI) stands at 54.22, indicating neutral momentum with a slight bullish bias.
