According to Michaël van de Poppe, Bitcoin (BTC) is entering an optimal buying region, with significant support near $108,000. Van de Poppe identifies $114,700 and $116,800 as critical resistance levels that BTC must surpass for a sustained bullish trend. He anticipates that while a breakout may take time, potentially occurring in late August or early September, these technical levels are essential for traders to monitor closely for potential entry and exit points. Source: Michaël van de Poppe.

According to @CryptoMichNL, Bitcoin (BTC) has absorbed all downside liquidity, positioning the $116.8K resistance as a critical level for traders. The next few weeks will be defined by whether BTC re-enters its previous trading range or faces rejection at this price point. A clear breakthrough above $116.8K could signal a move toward a new all-time high, making this a pivotal juncture for market participants (source: @CryptoMichNL).