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$BTC keeps getting rejected at $82K but van de Poppe still sees $90K coming Michaël van de Poppe made his case today: BTC bounced from the 21-day MA which has held as solid support since early April. His read that bounce is the setup, and $90K is the target over the coming days. Bold call given how many times $82K has slapped price back down.
The counter-argument is real though. Short-term holders are taking profits aggressively according to CryptoQuant data, and leveraged traders are piling into shorts betting on a "sell the news" reaction after the Clarity Act passes. That combination of STH distribution + crowded shorts creates messy price action even when the broader setup is constructive.
Van de Poppe's invalidation levels are clear. Consistent closes below the 21-day MA correction confirmed. And the last major support range he's watching sits at $71,438–$73,408. Lose that zone and the near-term bull case is officially off the table. Wide range to fall before that happens, but worth knowing where the floor is.
For $90K to happen cleanly, two things need to align: a sharp short squeeze on all those leveraged shorts, plus renewed inflows into U.S. spot ETFs. Either one alone probably isn't enough. Both together? That's the rocket fuel. Currently at $82K resistance the next 48 hours matter more than the past two weeks.
$BTC #TradfiTradingChallenge