Analyst sets Bitcoin’s next buying opportunity after BTC ‘started to cascade south’
Bitcoin (BTC) has entered a volatile phase, and according to cryptocurrency analyst Michaël van de Poppe, this could soon present a new buying opportunity. His outlook follows recent losses that dragged the broader market lower, triggered by escalating tensions between Israel and Iran. After failing to hold above $106,000, Bitcoin began what Poppe described as a “cascade south,” slicing through liquidity zones and prompting a wave of sell-offs, he noted in a June 14 X post. A brief bounce followed, but the recovery was quickly rejected at the same $106,000 level, now acting as firm resistance. The leading digital currency had regained bullish momentum earlier, only to lose it after a liquidity sweep and sharp rejection at a local high. Now, the $101,500 to $102,500 range could serve as either a launchpad for recovery or a setup for further downside. To this end, Poppe noted that a fresh rally could take shape if Bitcoin holds above $102,500 and cons...