Bitcoin’s (BTC) price action is showing signs of what an analyst has called an “inevitable breakout” toward new all-time highs.
According to cryptocurrency trading expert Michaël van de Poppe, Bitcoin is approaching a critical resistance zone near $110,500, which should be viewed as ‘the area that we need to break to have upwards momentum,’” he said in an X post on June 28.
The analysis suggested that a move above $110,500 could lead to a rapid surge toward record levels.
Notably, the previous breakout above $106,500 pushed the price to $108,000, showing how quickly Bitcoin can move once key liquidity levels are breached.
Bitcoin price analysis chart. Source: TradingView
“Above this level would mean that we start accelerating with the price action towards new ATHs, just like the previous break above $106,500 accelerated the price action towards $108,000,” the analysis noted.
Poppe also highlighted that Bitcoin recently cleared liquidity near $108,924 b
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