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Bitcoin Bottom In? 2 Key Resistance Zones To Monitor – Analyst
TL;DR
Analyst Michaël van de Poppe believes Bitcoin has hit its cycle bottom and is currently in an uptrend, with prices rising from $67,500 to around $80,000. He identifies key resistance zones at $86,000-$88,000 and $93,000-$95,000 as critical levels to watch.
Key points
- Michaël van de Poppe claims Bitcoin has reached its cycle bottom.
- Bitcoin's price increased from $67,500 to around $80,000.
- Key resistance levels are identified at $86,000-$88,000 and $93,000-$95,000.
Popular market pundit Michaël van de Poppe has stated that Bitcoin has already recorded its cycle bottom. The premier cryptocurrency is currently in a sustained uptrend that began in early April. During this time, Bitcoin’s price has surged from around $67,500 to a recent peak of around $80,000, culminating in an approximate net gain of 20%.
50-Week MA Indicator Represents Pivotal Encounter For Bitcoin Bulls
In line with his bullish outlook, van de Poppe has highlighted two crucial price barriers that lie ahead in this postulated market recovery, supported by a historical pattern that transcends market cycles. Using data from 2017 to 2024, the seasoned analyst explains that the first rally in any bull cycle often encounters pivotal resistance at the last significant support level and/or the 50-Week Moving Average (MA).
Going by this historical data, the immediate resistance level for Bitcoin lies between $86,000 and $88,000, a price zone that had served as the major support region from November to January, prior to the heavy market sell-off that closed out January.
There are two crucial resistance zones for #Bitcoin to monitor.
– $86-88K.
– $93-95K (at the 50-Week MA).In any first rally of the bull cycle, you'll see resistance around the previous support level and/or the 50-Week MA.
Has been the case in the 2017, 2021, and 2024 cycles.… pic.twitter.com/0uAQj4VMkw
— Michaël van de Poppe (@CryptoMichNL) May 9, 2026
However, the more significant resistance level sits higher. As the name implies, the 50-Week Moving Average (MA) is a long-term technical indicator that tracks the average closing price of an asset over the past 50 weeks to identify the broader market trend. It is often used to spot major resistance or support levels and to confirm bullish and bearish market momentum.
Van de Poppe’s Bitcoin analysis reveals that the 50-Week MA has consistently acted as a major flip zone during Bitcoin bull markets once it is below the 200-week moving average, which serves as a critical long-term support level. As seen in the previous cycle, this crossover turns the 50-week MA into a strong support level, paving the way for an extended price rally.
Q&A
What are the key resistance levels for Bitcoin according to Michaël van de Poppe?
Michaël van de Poppe identifies two key resistance levels for Bitcoin: $86,000-$88,000 and $93,000-$95,000.
How much has Bitcoin's price increased recently?
Bitcoin's price has surged approximately 20%, rising from around $67,500 to a recent peak of around $80,000.
What historical patterns support the current Bitcoin market recovery?
Historical data from previous cycles in 2017, 2021, and 2024 suggests that the first rally in a bull cycle often encounters resistance at previous support levels and the 50-Week Moving Average.
