MN Capital founder Michael van de Poppe spotted Bitcoin hovering at $107,450, saying that after taking out some liquidity around $109,000, BTC may see a slight pullback before breaking out to all-time highs. We already reach this area.
An accompanying chart shows $109,000 as the key level to watch on BTC’s four-hour time frame. “This is the area we need to break in order to have upward momentum,” Van de Poppe said, adding:“The inevitable breakout to an ATH on Bitcoin might even happen during the upcoming week.”
However, I think we might see a pullback before this happens. We might have an inverse head and shoulder pattern in process.
An accompanying chart shows $109,000 as the key level to watch on BTC’s four-hour time frame. “This is the area we need to break in order to have upward momentum,” Van de Poppe said, adding:“The inevitable breakout to an ATH on Bitcoin might even happen during the upcoming week.”
However, I think we might see a pullback before this happens. We might have an inverse head and shoulder pattern in process.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.