According to Michal van de Poppe, Bitcoin must break the $112K resistance to enable a new ETH all-time high and a broader altcoin rally (source: Michal van de Poppe on X, Oct 22, 2025). He adds that liquidity around $112K was taken on the first test and believes the market is on the verge of breaking this level (source: Michal van de Poppe on X, Oct 22, 2025). He also states that a sub-$106K move in BTC would present a reasonable accumulation opportunity for traders (source: Michal van de Poppe on X, Oct 22, 2025).