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Bitcoin Correction Opens Key Accumulation Window Before Next Rally

coinpaprika.com

5 hour ago

Bitcoin Correction Opens Key Accumulation Window Before Next Rally

Analyst Michaël van de Poppe says now is the time to accumulate Bitcoin during this healthy correction. The price is hovering around $114,670, testing an important liquidity zone between $115K and $116K, while a stronger support lies in the $110K–$112K range if the drop continues. Recent price movements have cleared out short-term liquidity, which could prepare the market for a breakout once consolidation wraps up. The key resistance to watch is $119,504, a level that has rejected upward moves recently. A breakout above this could pave the way for Bitcoin to challenge its all-time high again. Van de Poppe suggests that August might act as a stabilization phase, potentially setting the stage for a renewed rally towards the end of the month, not just for Bitcoin but also for altcoins. Recent price movements have cleared out short-term liquidity, which could prepare the market for a breakout once consolidation wraps up. The key resistance to watch is $119,504, a level that has rejected upward moves recently. A breakout above this could pave the way for Bitcoin to challenge its all-time high again. Van de Poppe suggests that August might act as a stabilization phase, potentially setting the stage for a renewed rally towards the end of the month, not just for Bitcoin but also for altcoins. Van de Poppe suggests that August might act as a stabilization phase, potentially setting the stage for a renewed rally towards the end of the month, not just for Bitcoin but also for altcoins.

https://coinpaprika.com/news/bitcoin-correction-opens-key-accumulation-window-before-next-rally/