Van de Poppe emphasizes that while Bitcoin has already tested the $62,000 level, a short consolidation period of one to two days could occur. This is a natural part of the price action as bulls gather strength for the next rise.

“Bitco is likely to consolidate and retest around $61.5K to $62K before continuing its uptrend. The build-up is huge, and a $64,000 test could be the key to breaking out.”

– Michael Van de Poppe, trade analyst, October 13, 2024.

According to Van de Poppe, the significant breakout level is between $64,000 and $65,000. Once Bitcoin breaches this range, the door opens for another attempt at all-time highs (ATH).

Conclusion: Important levels to keep an eye on

Bitcoin’s price action over the past week, combined with technical indicators such as the RSI, order book liquidity, and moving averages, all suggest that a breakout above $65,000 is becoming increasingly likely.

Although analysts like Skew, Material Indicators and Michaël van de Poppe offer slightly different perspectives, they converge on one central point: Bitcoin is in a bullish phase and the $65,000 level is the critical resistance to overcome in the coming days.

Should Bitcoin break through $65,000, the next targets could be new ATHs as long as the bulls maintain the momentum we saw in October. Traders will need to keep a close eye on these key indicators as the market develops.