Analyst Michael van de Poppe has outlined a technical roadmap for Bitcoin suggesting a potential pullback to the $115K zone before a significant rally unfolds. According to the analysis, the broader market structure still favors bulls, supported by several converging factors.

The technical setup appears constructive. RSI indicators are cooling into oversold territory, which historically represents attractive entry opportunities for momentum traders. Institutional activity remains robust, with whale addresses continuing to accumulate rather than distribute—a signal that major market participants maintain confidence. Additionally, ETF inflows have remained consistent, indicating sustained institutional demand despite recent volatility.

The predicted price trajectory outlines $115K as a critical support level where bounces typically occur, with $120K serving as a resistance-turn-breakout zone. The ultimate target in this analysis sits at $130K, representing the extension point of the current uptrend structure.

Van de Poppe's assessment emphasizes that the recent consolidation should be interpreted as a healthy corrective phase rather than a bearish reversal. With fear-related selling pressure diminishing and market focus returning to fundamental technicals, the framework suggests conditions remain aligned for the projected advance toward higher levels.