Analyst Bitcoin Price Target Powered by Fresh Capital Inflows
Bitcoin (BTC) faced a weak bounce after struggling to rally past $82,200, but analyst Michaël van de Poppe says the broader trend remains bullish if Bitcoin holds key technical levels. He notes BTC has not broken below its 21-day Moving Average and that the market structure is still rising (higher highs and higher lows), pushing sentiment away from bearish extremes.
Poppe’s next major resistance range for Bitcoin is $86,549–$90,364. The bullish thesis could fail if BTC repeatedly closes below a liquidity support zone of $71,438–$73,408. Should that support break, the analyst flags $65,117 as the next level, with a potential bear-market bottom area around $59,600–$60,749.
Fundamentals also appear to be improving: the article cites fresh capital flowing back into Bitcoin for the first time since January 2026. CryptoQuant data shows Bitcoin’s Realized Cap Net Position Change flipping back to positive in early May, suggesting more accumulation and a potential shift in the market’s cost-basis dynamics.
Poppe also points to a possible trigger: an unfilled CME gap around $80,515. If liquidity flows return to negative, the outlook could reverse again, even if the current correction began as a digestion of that gap.
Bullish
The article is bullish for short-term trading because it combines (1) technical confirmation—BTC staying above the 21-day moving average and retaining a higher-highs/higher-lows structure—with (2) a market flow signal—CryptoQuant shows Bitcoin’s Realized Cap Net Position Change flipping positive after early May. Traders typically respond to a return of net inflows by buying dips into support and targeting nearby resistance bands.
In this case, the key trade levels are clearly defined: resistance at $86,549–$90,364 and invalidation below $71,438–$73,408. That asymmetry matters. If BTC respects those supports, momentum traders may extend rallies toward the resistance zone. If BTC repeatedly closes below the liquidity range, the thesis likely unwinds quickly, pulling price toward $65,117 and potentially deeper toward the $59,600–$60,749 bear-market bottom zone.
Historically, similar “inflow + technical holding” setups often lead to short-term trend continuations, while “inflows turning negative again” tends to produce sharp reversals—especially when price is sitting near a known derivative/price-discovery gap like the cited CME gap around $80,515.