Bitcoin Correction Opens Key Accumulation Window Before Next Rally

Analyst Michaël van de Poppe says now is the time to accumulate Bitcoin during this healthy correction . The price is hovering around $114,670 , testing an important liquidity zone between $115K and $116K , while a stronger support lies in the $110K–$112K range if the drop continues. Recent price movements have cleared out short-term liquidity, which could prepare the market for a breakout once consolidation wraps up. The key resistance to watch is $119,504, a level that has rejected upward moves recently. A breakout above this could pave the way for Bitcoin to challenge its all-time high again. Van de Poppe suggests that August might act as a stabilization phase, potentially setting the stage for a renewed rally towards the end of the month, not just for Bitcoin but also for altcoins.