Bitcoin Approaches Crucial Price Zone
Bitcoin is approaching a crucial price zone between $114,000 and $116,000, where resistance has consistently capped upward momentum. According to analyst Michaël van de Poppe, this level must be cleared before Bitcoin can retest its all-time high. “Yesterday was a good day, but it couldn’t crack the first resistance level around $115,000,” van de Poppe noted. He added that a successful retest of this level could open the door for a stronger rally.
Data from Glassnode supports this view. The platform’s cost basis distribution heatmap shows that the $109,000–$116,000 “airgap” has gradually been filled by steady buying on dips over the past month. The staircase accumulation pattern indicates strong investor engagement. More notably, there is limited sell pressure from the $118,000–$120,000 region, suggesting long-term holders are choosing to sit tight rather than cash out.
In essence, the $114,000–$116,000 zone is turning into a battleground between buyers seeking breakout momentum and sellers looking to lock in profits. If buyers prevail and push Bitcoin above $116,000, the next level to watch is around $120,000, which could act as the final hurdle before an all-time high retest above $119,900.
Meanwhile, Robert Kiyosaki added fuel to market debate with a post about the so-called “Bitcoin August Curse,” speculating whether a pullback below $90K could present a doubling opportunity for bullish investors. He emphasized that macro issues like U.S. debt and central bank policy—not Bitcoin itself—are the real problems.
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In the short term, traders are watching for consolidation above $110,000–$112,000, with that zone described by van de Poppe as “a brilliant area to accumulate.” If momentum holds and resistance gets breached, Bitcoin could be on a path to a new all-time high. Market sentiment remains cautiously bullish – but all eyes are on $115,000.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.