- Bitcoin trades at $105K, with resistance at $106.7K; breakout may confirm bullish continuation after recent consolidation.
- RSI between 40–50 and declining volume show neutral momentum; key support is at $97.4K, with deeper zones at $91.7K and $86.9K.
- Analysts foresee altcoin bull run, citing macro bottom and capital rotation from Bitcoin as seen in 2016 and 2020 cycles.
Bitcoin’s recent price movement had scrutiny from analysts as short-term consolidation follows a pullback from recent highs. According to trader Michael van de Poppe, reclaim is about to happen on Bitcoin as altcoins are already turning back upwards.
At press time, Bitcoin was trading at $105,408, with a session high of $105,513.02 and a low of $105,116.20. The ongoing range-bound activity comes after the asset set an all-time high of $111,784 in May, gaining 11.1% over the month, according to CryptoRank.
Resistance Reclaim Could Define Bitcoin’s Short-Term Direction
A critical resistance level is at $106,719.41, and a close above this could confirm bullish continuation. The phrase “Reclaim is party” suggests momentum may accelerate if this level is cleared with strong volume.
Bitcoin’s RSI is between 40 and 50, indicating neutral momentum. Volume, which previously spiked during rallies in mid-May, has cooled off. This low volume aligns with the current consolidation and potential buildup for a breakout.
Support zones remain clearly defined. The most immediate is at $97,424.02, labeled as “Crucial area to hold onto,” suggesting strong buyer interest. The mid zone around $91,701.13 has acted as a prior accumulation area.
Below this, further support is at $86,951.01, with a final bottom at $81,513.44. Notably, the $91.5K–$92.5K region is flagged as “Liquidity to take,” indicating a possible area for price to revisit before further moves.
Macro Shift in Altcoin Performance
On June 1st, Van de Poppe also highlighted that the altcoin bear market appears to be ending. He stated that the biggest bull market ever on crypto could follow, indicating a multi-year expansion phase.
His view is based on prior cycles, which show altcoin surges after extended underperformance. TechDev’s analysis supports this outlook. A cycle chart indicates that altcoins are at a macro bottom, with oscillator levels near 0.00132. Similar levels were seen in 2016 and 2020, just before major altcoin rallies.
Cyclical Patterns May Define Capital Rotation
TechDev’s data shows cyclical markers for mid-cycle action using arrows, acting as interim resistance and support. The positioning suggests that capital may now rotate from Bitcoin into altcoins.
Every historical bottom on this preceded an extended period of altcoin strength relative to Bitcoin. If the pattern holds, altcoins could rise against Bitcoin over the next 12–18 months. Both analysts agree that 2025 Is a key inflection point. Bitcoin faces pressure to reclaim resistance, while altcoins stand at historical reversal zones.
