The post Bitcoin Price Today: Analyst Says One Clean Break Above $79K Could Bring $100,000 Back appeared first on Coinpedia Fintech News
Bitcoin is currently trading around $79,126, up 2% in the last 24 hours and roughly 6% in the last week. BTC is slightly outperforming the broader crypto market as the level $80,000 comes back into focus.
Analyst Michaël van de Poppe says Bitcoin is gaining strength again, but it’s now entering a phase where the next move could define the trend. Price action looks solid, but everything now depends on how BTC reacts around resistance.
Right now, the setup is either a breakout toward new highs or a pause before the next move.
$79K Break Could Open the Gates
The first level to watch is $79,000. A clean breakout here could push Bitcoin toward the $86,000–$89,000 range. That would confirm continuation and keep the rally going.
If that zone also breaks, the bigger move toward $100,000 comes into play. But this won’t be instant; it’ll likely build up step by step.
$84K–$87K = Bear Market Done?
According to van de Poppe, a breakout above $84K–$87K would confirm a new higher high and likely signal that the bear market is over.
That kind of move would flip the structure fully bullish. Resistance turns into support, and the market starts building higher lows.
Historically, after drops like the move to $60K, Bitcoin usually recovers and hits new highs within a year, except for rare events like the FTX collapse. Add to that stronger macro conditions and new highs in traditional markets, and the backdrop looks more supportive this time.
What If It Fails?
If Bitcoin can’t break $79K, expect some sideways movement. A consolidation phase before another attempt is likely.
“In that case, there’s a level that I prefer to see hold: $73.5k+,” he said
Here, $73,500 becomes the level to hold. If that breaks, the structure weakens, and a deeper pullback toward lower levels could follow.
What’s Driving the Move?
BlackRock has driven about $2.1B into spot ETFs, while Strategy bought over 34K BTC in a week, far more than what’s mined, tightening supply and pushing prices higher. On the macro side, Kevin Warsh’s calling crypto part of the financial system adds confidence.