Van de Poppe's analysis is quite straightforward. He points out that Friday's pullback reflects the market's risk-averse mentality, as traders often choose to close or reduce positions during the reduced liquidity of Saturday and Sunday, when news can impact the market without institutional channels reacting. Aside from this, there were no other factors driving price changes, nor were there any structural damages or fundamental changes.
He expects a slight pullback during Saturday's trading session due to the demand for filling the CME gap. When Bitcoin's spot price fluctuates significantly over the weekend, the CME futures market is closed, creating price gaps that the market historically tends to fill once CME trading resumes. Aside from short-term noise, his fundamental view is that prices will continue to rise towards the resistance range of $75,000 to $80,000.
From the charts, the 6-hour BTC/USDT chart on TradingView covers the trend from December 2025 to early April 2026. The left side of the chart shows Bitcoin's distribution phase above $100,000, with prices gradually declining through multiple resistance points until the sharp drop in January and February 2026. This sell-off brought prices down to a low of around $65,117, marked in the chart as high-low support.
From this low point, prices began to recover. Multiple resistance levels are marked with horizontal lines. The green shaded box is between $76,604 and $80,646, representing the immediate target area mentioned by Van de Poppe. Above that is $86,549, followed by $91,892, and finally $100,739, which is marked as a crucial level that must be broken to prevent prices from falling further.
Annotations on the left side of the chart indicate that all liquidity above the current price is attracted when the market pushes upward. Those accumulated sell orders and short positions provide the momentum for price to break through resistance levels.
A key level to watch is $65,117, which is a structural support level. Van de Poppe's chart marks it as a high-low support level that is currently being defended. As long as this level holds, the recovery structure remains valid. A drop below this level would shift the market from recovery to a sustained downtrend.
The $75,000 to $80,000 range is the first significant target above. This range aligns with the green shaded accumulation area on the chart, representing a significant resistance and liquidity accumulation area above the current price. A strong breakout here would pave the way towards targets of $86,549 and even $91,892, with the critical resistance level of $100,739 below $91,892.
The impact of the CME gap is a short-term variable. A pullback on Saturday to fill that gap does not negate the broader recovery argument. It is merely a manifestation of normal market mechanisms, followed by the next upward phase.
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