Derived from Blockchainreporter, market analyst Michaël van de Poppe predicts Bitcoin will consolidate around the $85.5K support level before potentially moving toward the 20-day moving average at $95K. Van de Poppe shared a chart showing Bitcoin in a downward channel, with a key support range between $82.7K and $83K. He noted that a retest of the $85.5K CME gap is likely, which could signal a stabilization phase. If the current support fails, a secondary level at $74.5K may be tested. The analyst remains bullish in the short term, suggesting a rebound to the 20-day MA could indicate renewed buyer confidence.
Bitcoin Analyst Predicts Consolidation at $85.5K Before Move Toward $95K
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