{"id":26125,"date":"2025-08-15T17:49:42","date_gmt":"2025-08-15T14:49:42","guid":{"rendered":"https:\/\/forklog.com\/en\/analyst-pegs-121000-as-the-level-to-reignite-bitcoins-rally\/"},"modified":"2025-08-15T17:49:42","modified_gmt":"2025-08-15T14:49:42","slug":"analyst-pegs-121000-as-the-level-to-reignite-bitcoins-rally","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analyst-pegs-121000-as-the-level-to-reignite-bitcoins-rally\/","title":{"rendered":"Analyst pegs $121,000 as the level to reignite bitcoin\u2019s rally"},"content":{"rendered":"<p>Analyst and MN Trading founder Micha\u00ebl van de Poppe has named $121,000 as the key level for bitcoin to resume its advance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What goes up, must come down. <\/p>\n<p>Classic liquidity sweep after bad macro data, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> back in the range. <\/p>\n<p>Higher timeframe, I would assume we&#8217;ll go slightly lower, consolidate, <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> drops another 10% and then <a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoins<\/a> have 1-2 weeks of momentum.<\/p>\n<p>Crucial level to break at $121K. <a href=\"https:\/\/t.co\/a899Fs9QkE\">pic.twitter.com\/a899Fs9QkE<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1956043390723793126?ref_src=twsrc%5Etfw\">August 14, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the expert, bitcoin\u2019s recent rise reversed after weak macroeconomic data \u2014 the <a href=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\">published<\/a> <span data-descr=\"US producer price index\" class=\"old_tooltip\">PPI<\/span> came in above forecasts at 3.3% versus the expected 2.5%. He described the move as a \u201cclassic liquidity sweep\u201d, after which the asset returned to its trading range.<\/p>\n<p>Van de Poppe expects that on higher timeframes bitcoin will first dip slightly and then enter a consolidation phase. He also allowed for Ethereum to fall another 10%.<\/p>\n<p>He believes that afterwards altcoins could gain momentum for one to two weeks.<\/p>\n<h2 class=\"wp-block-heading\">The road to $144,000<\/h2>\n<p>Glassnode analysts view $127,000 as key resistance for digital gold. In their view, a breakout could send the price towards $144,000, where sell-side pressure has historically intensified.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a>\u2019s average entry price for newer investors and its standard deviation bands help identify overheated zones. $127K marks the +1\u03c3 level and key resistance; a breakout could open the path to $144K (+2\u03c3), where prior market tops often trigger increased sell-side pressure. <a href=\"https:\/\/t.co\/Pwra4t6fn6\">pic.twitter.com\/Pwra4t6fn6<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1956345884012413187?ref_src=twsrc%5Etfw\">August 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Glassnode noted that reaching this zone has often coincided with market tops in the past and prompted profit-taking.<\/p>\n<h2 class=\"wp-block-heading\">The impact of US inflation data<\/h2>\n<p>Bitcoin\u2019s recent pullback after reaching <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> triggered forced liquidations of margin positions exceeding $1 billion.<\/p>\n<p>Bitget\u2019s chief analyst Ryan Lee told ForkLog he sees the decline as a technical correction rather than a trend change. According to him, digital gold is holding above $117,000, signalling investor interest.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe situation does not indicate a change in market conditions, but rather points to speculative positions being shaken out, especially since the first cryptocurrency is confidently holding above $118,000. Further reference points are likely to be linked to macro factors such as the Jackson Hole symposium, as well as the dynamics of on-chain activity,\u201d he said.<\/em><\/p>\n<\/blockquote>\n<p>TECHNOBIT CEO Alexander Peresichan also called the correction expected after the recent rise. In his view, the inflation data served as a catalyst for profit-taking, not a reason for a trend reversal.<\/p>\n<p>He noted that bitcoin is holding above $117,000, limiting panic selling. Ethereum, despite the pullback, remains above key support at $3,500\u2013$3,600.<\/p>\n<h2 class=\"wp-block-heading\">It is not so clear-cut<\/h2>\n<p>CryptoQuant analyst Axel Adler Jr pointed out that short-term holders (STH) have been selling fewer coins at a loss during market corrections.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">During yesterday&#8217;s pullback, 16.8K BTC were sent to exchanges at a loss from Short-Term Holders \u2014 this is noticeably less than in previous drawdowns. The chart shows a trend of decreasing amplitude of capitulation selling (blue arrows). <\/p>\n<p>This essentially indicates weakening\u2026 <a href=\"https:\/\/t.co\/R9iZbIl4zR\">pic.twitter.com\/R9iZbIl4zR<\/a><\/p>\n<p>\u2014 Axel \ud83d\udc8e\ud83d\ude4c Adler Jr (@AxelAdlerJr) <a href=\"https:\/\/twitter.com\/AxelAdlerJr\/status\/1956262758669750398?ref_src=twsrc%5Etfw\">August 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>During the latest dip, 16,800 BTC from STH flowed to exchanges at a loss \u2014 noticeably less than in previous market declines.<\/p>\n<p>The analyst noted a trend of shrinking capitulation-driven selling. In his view, this points to weakening pressure from STH.<\/p>\n<p>Adler Jr also drew attention to the fact that STH on average are selling coins at a profit. The market is absorbing this pressure, which is a bullish signal.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">STH SOPR-7d has risen to 1.04 at a price of $119K, meaning short-term holders are on average realizing profits, and the market is absorbing this selling \u2014 a bullish sign. The amplitude is still moderate and below the peaks of previous waves 1.06\u20131.09, so selling pressure from STH\u2026 <a href=\"https:\/\/t.co\/F1MCXhfe3d\">pic.twitter.com\/F1MCXhfe3d<\/a><\/p>\n<p>\u2014 Axel \ud83d\udc8e\ud83d\ude4c Adler Jr (@AxelAdlerJr) <a href=\"https:\/\/twitter.com\/AxelAdlerJr\/status\/1956257217230856411?ref_src=twsrc%5Etfw\">August 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, the seven-day moving average of SOPR for this cohort has risen to 1.04. Adler Jr noted that the reading remains moderate and has not reached the peaks of previous waves at 1.06\u20131.09. Selling pressure from STH is not yet extreme.<\/p>\n<p>A positive scenario assumes SOPR holds above 1\u20131.02. Pullbacks to 1 should be bought quickly, which would indicate strong demand.<\/p>\n<p>A drop of the indicator below 1 would signal weakening demand. In that case, the risk of a deeper correction in bitcoin\u2019s price would rise.<\/p>\n<p>As for long-term holders (LTH), this investor group has increased its reserves by 1.64 million BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Regarding the accumulation-distribution of the Long-Term Holder cohort holding coins from six months to two years: their supply has risen from 3.551M BTC in April (when the price was $83K) to 5.191M BTC currently (+1.64M BTC). During the ATH test at $118K, there was moderate\u2026 <a href=\"https:\/\/t.co\/TTdyHTwV8i\">pic.twitter.com\/TTdyHTwV8i<\/a><\/p>\n<p>\u2014 Axel \ud83d\udc8e\ud83d\ude4c Adler Jr (@AxelAdlerJr) <a href=\"https:\/\/twitter.com\/AxelAdlerJr\/status\/1956245248809607438?ref_src=twsrc%5Etfw\">August 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In his analysis, Adler Jr looked at LTH holding coins from six months to two years. In April their combined balance was 3.551 million BTC, when the price stood at $83,000. It has now reached 5.191 million BTC.<\/p>\n<p>The expert noted moderate profit-taking during the test of the all-time high at $118,000. The group\u2019s seven-day average spending rose to 20,000 BTC.<\/p>\n<p>Adler Jr stressed that this volume is significantly below typical past selling spikes of 40,000\u201370,000 BTC.<\/p>\n<p>The data indicate that accumulation outweighs distribution among a significant share of network participants, the analyst concluded.<\/p>\n<p>In June, Adler Jr <a href=\"https:\/\/u1f987.com\/en\/news\/analyst-predicts-bitcoins-moderate-rise-to-160000\">forecast<\/a> a \u201cmeasured\u201d rise in bitcoin to $160,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analyst and MN Trading founder Micha\u00ebl van de Poppe has named $121,000 as the key level for bitcoin to resume its advance. What goes up, must come down. Classic liquidity sweep after bad macro data, $BTC back in the range. Higher timeframe, I would assume we&#8217;ll go slightly lower, consolidate, $ETH drops another 10% and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1268,1138],"class_list":["post-26125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-on-chain-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"76","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26125"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26124"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}