Bitcoin maintains an upward trend after a short-term adjustment, analysts expect a breakthrough of the resistance level could hit 100,000 USD.

Crypto Assets analyst Michaël van de Poppe pointed out that the fall of Bitcoin at the beginning of December is a normal adjustment within market consolidation, rather than a trend weakness. This wave of decline is mainly influenced by algorithmic trading, insufficient liquidity, and testing of key resistance levels.

Van de Poppe stated that the price fluctuations in early December are in line with historical patterns. With the automated trading systems resetting, short-term selling pressure is becoming evident, especially in cases of weak liquidity, where even moderate sell orders can trigger a price fall. The weakening of market liquidity is related to previous large-scale sell-offs, during which many market makers reduced their trading activities, resulting in the current market being more sensitive to selling pressure.

The technical analysis shows that Bitcoin has encountered resistance in a key resistance area, touching the upper limit multiple times but failing to break through, forming a continued consolidation range. Despite the recent sharp price drop, TradingView charts indicate that buyers have re-entered near the lower limit, preventing further decline. This suggests that the market is still building momentum in preparation for the next round of increases.

Van de Poppe expects Bitcoin to test the same resistance level again within the next week or two. If it breaks through successfully, he believes the price will continue to rise, maintaining an overall upward trend, ultimately returning to $100,000. He emphasizes that the current adjustment is a healthy market correction, rather than a signal of a trend reversal.

In the short term, Bitcoin investors should pay attention to the liquidity conditions and the dynamics of the resistance levels. If the key upper limit is broken, bulls may gain new offensive opportunities, and prices are expected to rise further.