According to Michaël van de Poppe (@CryptoMichNL), the targeted area for spot Bitcoin (BTC) purchases has been reached, suggesting a potential upward reversal. He notes that if BTC can rally to $106,000, this would act as a key trigger indicating the likelihood of a new all-time high (ATH) in the near future (Source: Twitter/@CryptoMichNL, June 21, 2025). This analysis highlights a critical resistance level for traders to monitor, with implications for both short-term momentum and long-term bullish positioning in the cryptocurrency market.

According to Michaël van de Poppe (@CryptoMichNL), recent liquidations have brought Bitcoin (BTC) to levels suitable for spot purchases. He highlights $106,000 as the critical resistance; a move above this level could trigger a significant breakout to a new all-time high (ATH). Conversely, if Bitcoin fails to reclaim $106K, he recommends monitoring for buying opportunities below $100,000. These levels are crucial for traders assessing potential upside and downside risk in the current market environment. Source: Twitter/@CryptoMichNL.