Bitcoin continues facing pressure as resistance levels loom large, holding its future trajectory in the balance. Crypto analyst Michaël van de Poppe highlights this pivotal moment, emphasizing that breaking through these resistance zones could signal a market turnaround, while failure to do so might keep the market in unfavorable territory. 8/27 analysis indicates a key test for Bitcoin’s price action, with its liquidity levels around $113K and $115K being critical areas to watch for a breakout. A successful move could confirm a bullish reversal pattern, potentially reigniting market momentum. 2023 is shaping up to be a year of significant volatility in the crypto space, leaving investors and traders on the edge of their seats. While the immediate outlook remains uncertain, van de Poppe expressed confidence in Ethereum’s long-term potential, with his assessment pointing toward an attractive entry point for accumulation at current levels around $4,620 if Bitcoin stabilizes.