Technical analysts consider the current consolidation necessary to clear excess leverage.
The Bitcoin price toward $100,000 is approaching; in fact, it appears to be an increasingly tangible goal that the digital asset market is watching closely. Analyst Michaël van de Poppe indicated that the pioneering crypto is acting exactly as bulls expected, managing to stay above a crucial resistance zone that has now flipped into support.
This technical resilience suggests that the growth cycle is not over, but rather taking a well-deserved breather. As long as Bitcoin defends these price levels, the macroeconomic structure of the crypto market will remain healthy, allowing supply to be gradually absorbed by institutional demand before the next explosive move.
What will determine the advance of the Bitcoin price toward $100,000 is the asset’s position relative to its 21-day moving average (MA). Van de Poppe highlights that as long as the price trades above this indicator, momentum will remain net bullish, and any pullback should be interpreted as an accumulation opportunity.
Furthermore, the thesis is supported by on-chain data, showing that Bitcoin reserves on exchanges are at multi-year lows. Therefore, the supply scarcity, coupled with long-term investors’ lack of interest in selling at these levels, creates a “supply shock” scenario that benefits the trend.
In summary, the market should watch the $95,000 zone as the last round before the final assault. If the current trend continues and momentum indicators point upward, it is only a matter of time before we see a decisive attack on the Bitcoin price toward $100,000, marking a new historical price discovery phase.
