Bitcoin Price Stabilizes Around $114,670 Amid Healthy Correction
Analyst Michaël van de Poppe advises accumulating Bitcoin during the current correction. Key points include:
- Price is around $114,670, testing a liquidity zone between $115K and $116K.
- Support is found in the $110K–$112K range if prices decrease further.
- Recent movements have cleared short-term liquidity, potentially setting up for a breakout after consolidation.
- Resistance at $119,504 must be monitored; breaking this could lead to challenges against Bitcoin's all-time high.
- August may serve as a stabilization phase, possibly leading to a rally towards the month's end for Bitcoin and altcoins.