Bitcoin’s price action remains stalled around a key resistance level, struggling to break through the 20-week EMA. Analyst Michaël van de Poppe offers insights into this stalemate, stating that neither bulls nor bears have gained control. His analysis highlights liquidity zones where price swings are likely to continue, influencing the market’s next direction. Traders are paying close attention to these areas as a potential catalyst for future price movements. 103,000 – 100,000 range could be a possible level of intervention if Bitcoin retests this zone. However, he suggests that until Bitcoin breaks resistance and gains momentum, the market is headed toward a new low. If this occurs, van de Poppe believes altcoins would be ripe for opportunity, suggesting traders consider long positions in the cryptocurrency space.