Bitcoin Correction Begins, Analyst Says It’s Time to Accumulate for Next Crypto Run
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- Bitcoin has entered a correction phase, currently trading near $114,670.
- Analysts identify $110K–$112K as a prime accumulation zone.
- Michaël van de Poppe suggests August may be a stabilization month before Bitcoin and altcoins resume their upward momentum.
Bitcoin has begun a healthy correction after its parabolic move to an all-time high above $123,000 in July. According to analyst Michaël van de Poppe, this phase offers a critical opportunity for accumulation ahead of the next major leg up.
“It’s time to accumulate your next positions for the next run,” Van de Poppe tweeted.
At press time, Bitcoin is trading around $114,670, testing a key liquidity area identified between $115,000 and $116,000. Technical analysis suggests that the $110K–$112K range may act as a strong support zone and accumulation region if the price dips further..
Bitcoin Liquidity Grab Could Trigger Breakout
The recent price action has taken out short-term liquidity pockets, suggesting that the market may now be primed for a breakout once consolidation ends. As one on-chart note states: “Liquidity taken, ready for breakout?”
Notably, earlier attempts to push abo…
The post Bitcoin Correction Begins, Analyst Says It’s Time to Accumulate for Next Crypto Run appeared first on Coin Edition.
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Bitcoin Correction Begins, Analyst Says It’s Time to Accumulate for Next Crypto Run
Share:
- Bitcoin has entered a correction phase, currently trading near $114,670.
- Analysts identify $110K–$112K as a prime accumulation zone.
- Michaël van de Poppe suggests August may be a stabilization month before Bitcoin and altcoins resume their upward momentum.
Bitcoin has begun a healthy correction after its parabolic move to an all-time high above $123,000 in July. According to analyst Michaël van de Poppe, this phase offers a critical opportunity for accumulation ahead of the next major leg up.
“It’s time to accumulate your next positions for the next run,” Van de Poppe tweeted.
At press time, Bitcoin is trading around $114,670, testing a key liquidity area identified between $115,000 and $116,000. Technical analysis suggests that the $110K–$112K range may act as a strong support zone and accumulation region if the price dips further..
Bitcoin Liquidity Grab Could Trigger Breakout
The recent price action has taken out short-term liquidity pockets, suggesting that the market may now be primed for a breakout once consolidation ends. As one on-chart note states: “Liquidity taken, ready for breakout?”
Notably, earlier attempts to push abo…
The post Bitcoin Correction Begins, Analyst Says It’s Time to Accumulate for Next Crypto Run appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Bitcoin tests the $95k HODL wall after cascade knocks out $655M from bulls