Chart showing the rise in BTC price today.
According to Poppe, there is currently momentum in the market and it is important for it to continue. The analyst stated that it is especially critical to protect the $ 106,000 level, and that if this level is dropped, losing $ 105,500 could cause liquidation from long positions and a new wave of decline.
However, the analyst believes that the rally will continue if the markets remain stable. In this scenario, he predicts that Bitcoin will gain new momentum towards its all-time high (ATH) once the $108,900 level is breached.
#BitcoinRally #BTC #BTCanalysis #CryptoMomentum #LiquidationRisk
