BTC poised to reach record high once it surpasses this resistance level, suggests trader Michaeël van de Poppe
The Daily Hodl
June 21, 2025
Crypto Advice from Michaël van de Poppe: Bitcoin Trending Bullish, Watch for Key Resistance Levels
Trader, analyst, and social media sensation Michaël van de Poppe is shedding light on Bitcoin's latest movements. According to van de Poppe, the crypto king is behaving bullishly, but it's crucial to keep an eye on crucial resistance levels.
In a recent post on X, van de Poppe suggests that Bitcoin could surge beyond the $112,000 mark and hit a fresh all-time high if it manages to break through the resistance level at approximately $108,900. However, he cautions that Bitcoin may dip to around $100,000 if it fails to hold the $105,500 support level.
At the moment, Bitcoin is trading at $105,617. Van de Poppe's chart analysis indicates that Bitcoin's four-hour timeframe shows signs of an uptrend, but it might plunge to $100,000 if the $105,500 support doesn't hold.
Moving on to Optimism (OP), a scalability solution, van de Poppe notices a bullish divergence against Bitcoin on a three-day timeframe. A bullish divergence happens when price forms lower lows or remains steady while an indicator like the RSI (Relative Strength Index) shows higher lows. Van de Poppe believes that this bullish divergence in Optimism could signal a quick reversal for the altcoin against Bitcoin.
OP is currently trading at 0.00005373 BTC ($0.561).
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In the world of cryptocurrency and finance, Michaël van de Poppe, a renowned trader and analyst, predicts a potential surge in Bitcoin's price beyond $112,000 if it can break through the $108,900 resistance level. However, he advises caution as Bitcoin might dip to $100,000 if it fails to hold the $105,500 support level. Meanwhile, Optimism (OP), a scalability solution, exhibits a bullish divergence against Bitcoin, potentially indicating a quick reversal for the altcoin.
secondary announcement in the crypto space includes DWF Ventures revealing $76B in crypto treasury investments by public companies, Bybit expanding global reach with crypto purchases in over 25 currencies, and BYDFi joining Seoul Meta Week 2025 to advance their Web3 vision and South Korea strategy.
