The phase of gathering strength for the rise in Bitcoin has begun.

Crypto analyst Michaël van de Poppe stated that the current price movement of Bitcoin (BTC) on monthly charts has garnered significant interest among investors. Recently, Bitcoin has fallen below the $108,000 level, drawing close attention from many investors. Van de Poppe characterized this situation with the assessment of "we are neither at the peak nor at the bottom," indicating that prices are in a power-building phase before a significant upward movement.

According to the analyst, the current price movement is part of a consolidation process that began with the cleansing of over-leveraged positions. Van de Poppe stated in a message on the social media platform X, "This period is a waiting phase before a big movement. The market has yet to find its direction, but this sideways movement could lay the foundations for a new bull momentum." This process signifies an important period that investors need to pay attention to.

Michaël van de Poppe emphasized that the current price range does not harm Bitcoin's long-term bull structure, in line with the expectations built among investors. On the contrary, it is thought that the price staying in this band could pave the way for a new ascent. Van de Poppe indicated that investors should view this process as a time when "weak hands are being eliminated and strong investors remain."

In conclusion, the current price range of Bitcoin may present significant opportunities for investors. This period, during which the foundations for a rise are being laid, shows that strong investors will emerge and create new momentum in the market. Critical points that investors should monitor include alternative movements around the $108,000 level, the price's consolidation process, and the elimination of weak positions.