Bitcoin shows technical resistance while a correction towards the strategic buy zone is expected

FOMOSapien · 2026-01-04T17:13:18+00:00

Analyst Michael van de Poppe suggests an upward trend for Bitcoin, with a potential pullback between $89,600 and $91,600 as an opportunity. Currently, Bitcoin is strong at support levels, indicating a possible positive move.

FOMOSapien

2026-01-04 17:13:18

Abstract generation in progress

The renowned technical analyst Michael van de Poppe identifies a bullish scenario with a possible price retracement in the range of $89,600 to $91,600, describing it as “an attractive opportunity window for investors.” Currently, Bitcoin is trading around $91.36K with a positive change of +1.41% in the last 24 hours.

Technical analysis and key levels

According to the analyst’s perspective, Bitcoin has demonstrated strength by holding its main support levels firmly, suggesting a solid foundation for future bullish movements. This consolidation at important technical levels reflects the market’s ability to absorb selling pressure.

Market sentiment and expected movements

The current outlook shows what many observers describe as a phase of “relative sideways movement” in the price. However, technical indicators point to something more dynamic: recent candlestick formations suggest a high probability that the upcoming movements will be positive.

The current technical setup, particularly what is analyzed in the structure of the latest price bars, indicates that buying pressure could intensify in the short term, potentially generating an upward momentum in Bitcoin.

BTC0,93%

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