Bitcoin's bull flag pattern suggests a potential target of $110,000 if the crucial support level between $96,000 and $98,000 holds firm after a period of healthy consolidation following its recent peak near $128,000. Renowned analyst Michaël van de Poppe, founder of MN Fund and MN Capital, has indicated that the market momentum is shifting positively, suggesting that further rallies are likely in the coming week, provided key support zones are maintained.
The current market phase is described as a “very healthy consolidation after an upward break.” With Bitcoin trading around the $98,000 mark after reaching a high of approximately $128,000, van de Poppe’s technical analysis points towards a positive shift in momentum that could lead to continued price increases.
Bull Flag Pattern Forms
Analysis of recent price action on TradingView reveals a distinct bull flag formation. Following lows around $80,000 in August 2025, Bitcoin experienced a significant surge to new all-time highs before a subsequent pullback. The technical chart highlights critical levels, including a “second crucial resistance zone” situated between $102,000 and $104,000, which may present the next significant hurdle for the cryptocurrency.
It's a very healthy consolidation after an upward break.
— Michaël van de Poppe (@CryptoMichNL) January 16, 2026
I think we'll see more rallies in the markets going into next week.
Slowly, but surely, the momentum is changing on #Bitcoin and #Crypto. pic.twitter.com/jqrVRWfOcJ
Below the current price action, a support area between $96,000 and $98,000 is identified as an optimal zone for potential entries. Van de Poppe stated, “Hold this area for support & we’re good to go.” He also cautioned that a breach below this support level would invalidate the current bullish outlook, though the overall chart structure remains positive.
Institutional Momentum Builds
This period of consolidation is occurring within a broader market context. With increasing institutional adoption and the integration of Bitcoin into various Web3 projects for decentralized finance (DeFi) and non-fungible tokens (NFTs), the stability of the flagship cryptocurrency is paramount. Van de Poppe suggested that a minor pullback might precede a significant breakout towards the $110,000 mark, characterizing these movements as liquidity grabs and deviations that are part of a healthy market cycle.
He further commented, “Slowly, but surely, the momentum is changing on #Bitcoin and #Crypto,” reflecting sentiments from the community that view this phase as a necessary period for accumulating strength for sustainable future gains.
Macro Risks Remain
Looking forward, if Bitcoin successfully maintains its support levels and breaks through identified resistance points, it could potentially trigger a widespread altcoin season, benefiting sectors such as layer-2 solutions and blockchains incorporating artificial intelligence. However, investors and traders are advised to remain aware of potential macroeconomic influences, including interest rate decisions and regulatory developments, which could impact the market’s trajectory.
Van de Poppe’s analysis aligns with the view of a maturing cryptocurrency market where consolidations serve to build underlying strength rather than indicate weakness. This phase highlights Bitcoin’s resilience and presents potential entry points for long-term investors. As the cryptocurrency ecosystem continues to evolve, such detailed analyses underscore the importance of patience in achieving significant returns within the Web3 space.