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Van de Poppe expects a correction before Bitcoin’s rally to $150,000
According to well-known crypto analyst Michaël van de Poppe, Bitcoin’s uptrend is likely to continue, but the market needs a breather. He does not rule out a correction before BTC heads toward $150,000.
“I don’t think Bitcoin will break its all-time high in one go,” van de Poppe wrote. “Any price below $121.5K is a good entry zone before we reach $150K.”
Van de Poppe’s chart shows a classic breakout from consolidation, followed by a sharp move to $123,936.
The steep rise from below $112,000 to current levels could lead to short-term overheating. The Relative Strength Index (RSI) is hovering near the overbought zone, indicating potential exhaustion.
The analyst identifies the ideal buying range at $119,500–$120,000. If selling pressure continues, deeper support levels lie around $116,800, $114,755, and $111,918, which may serve as a launchpad for the next rally phase.
Meanwhile, according to CryptoQuant, Bitcoin’s spot buying volume has surpassed $25 billion — a level that historically marks key inflection points often preceding trend reversals.
When market buy volume reaches $25 billion, the market tends to overheat.
During a downtrend, this level can signal a buying opportunity, while during an uptrend, it may act as a warning of a possible correction.
See also: "XRP Trader Keeps Repeating the Same Mistakes and Incurs Losses"
