Bitcoin analyst Michaël van de Poppe highlights a key support level at $96,000–$98,000, suggesting the price could surge to $110,000 if this support & resistance zone holds. He identifies a bull flag pattern, with the current consolidation seen as a normal phase after Bitcoin’s recent high near $128,000. Holding above the support level would confirm the bullish case and could spark a broader altcoin rally across DeFi, NFTs, and layer-2 projects.
Bitcoin’s bull flag signals $110K target if $96K-$98K support holds after healthy post-$128K consolidation.
Van de Poppe confirms momentum shift: “Hold this area for support & we’re good to go” above key zone.
Breakout could ignite altcoin season across DeFi, NFTs, and layer-2 projects.
The ever-volatile world of cryptocurrency, Bitcoin continues to captivate traders and investors alike. Renowned analyst Michaël van de Poppe, founder of MN Fund and MN Capital, recently shared an optimistic outlook on X, describing the current market phase as a “very healthy consolidation after an upward break.” With Bitcoin hovering around the $98,000 mark following a peak near $128,000, van de Poppe’s technical analysis suggests that the momentum is shifting positively, paving the way for further rallies into the next week.
Bull Flag Pattern Forms
Examining the TradingView chart shared in his post, we see a clear bull flag formation emerging from the recent price action. Starting from August 2025 lows around $80,000, Bitcoin surged impressively to all-time highs before pulling back. Key annotations highlight critical levels: a “second crucial resistance zone” between $102,000 and $104,000, which could act as the next hurdle.
It's a very healthy consolidation after an upward break.
I think we'll see more rallies in the markets going into next week.
Below, a support area around $96,000-$98,000 is marked as ideal for entries, with van de Poppe noting, “Hold this area for support & we’re good to go.” He warns that a breakdown below this would invalidate the bullish thesis, but the overall structure remains positive.
Institutional Momentum Builds
This consolidation comes amid broader market dynamics. As institutional adoption grows, with more Web3 projects integrating Bitcoin as a base layer for decentralized finance (DeFi) and non-fungible tokens (NFTs), the flagship crypto’s stability is crucial. Van de Poppe points to a slight pullback before a potential big breakout to $110,000, emphasizing liquidity grabs and deviations as part of the healthy process. “Slowly, but surely, the momentum is changing on #Bitcoin and #Crypto,” he stated, echoing sentiments from community replies that see this as a reloading phase for sustainable gains.
Macro Risks Remain
Looking ahead, if Bitcoin maintains its support and breaks resistance, it could trigger altcoin seasons, boosting sectors like layer-2 solutions and AI-integrated blockchains. However, traders should remain cautious of macroeconomic factors, such as interest rate decisions or regulatory shifts, which could influence the trajectory.
Van de Poppe’s view aligns with a maturing market where consolidations build strength rather than signal weakness. In summary, this phase underscores Bitcoin’s resilience, offering entry points for long-term holders. As the crypto ecosystem evolves, such analyses remind us that patience often precedes prosperity in Web3.
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