The price of Bitcoin (BTC) is set for a “big move” in the next one to two weeks after moving between the $93.5K and $100K range throughout this month, as noted by crypto analyst Michaël van de Poppe.
BTC entered the new month at roughly $102,000 but fell to nearly $92,000 two days later on February 3. Since then, it has been trapped between $93,000 and just below $100,000, facing challenges in breaking through the critical $100,000 barrier.
Consequently, it has yet to regain the momentum needed to return to its all-time high of $109,114, reached on January 20, 2025. The current price of Bitcoin is $94,197, which is 13.06% lower than its peak value.
Michaël van de Poppe Predicts a Big Move Soon for Bitcoin (BTC)
The Bitcoin price has been less volatile lately, between $93.5K and $100K over the month.
This steady price movement suggests that traders are either accumulating Bitcoin or that it is in a consolidation phase. This phase often leads to a strong price breakout.
Meanwhile, Van de Poppe expects a big price action within the next 1–2 weeks, with a bullish trend the most likely scenario.
His chart further illustrates key resistance and support levels, highlighting the ideal entry area in green. This shows that Bitcoin is probing a firm support level at the current moment.
If the buyers step in, the Bitcoin price could break above notable resistance levels and regain bullish traction. However, if support fails, BTC could see more declines before recovering.
Traders can watch for increasing volume and a clean breakout to confirm the direction of the next move. If Bitcoin holds its current range and breaks above, it might mark the start of another bull cycle.
A breakdown below support levels might mean extended consolidation before a new trend is set.
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