Bitcoin Rally Cools as Traders Eye $121K Buy Zone Before $150K Run

• Michael van de Poppe expects Bitcoin to reach $150,000 after a short-term correction below $121.5K.
• On-chain data shows Market Buy Volume surpassing $25B, signaling potential market overheating.
• A negative divergence between Bitcoin’s price and network activity suggests limited retail participation.

Bitcoin’s explosive rally may have further to run, but according to prominent analyst Michael van de Poppe, the market needs to take a breather before pushing higher. The veteran trader shared a cautiously optimistic outlook, suggesting that Bitcoin could correct before surging toward the much-anticipated $150,000 mark.

“I don’t think Bitcoin will blast through the all-time high in one go,” van de Poppe said, adding that the leading cryptocurrency needs a little bit of patience before it hits higher prices. van de Poppe further wrote:

“Anything beneath $1…

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