BTC Graph and Sell Wall Analysis... Van de Poppe Points to $109,000
Famous cryptocurrency YouTuber Rak Davis has identified $109,000 as a key point for additional BTC price increase.
Davis analyzed the Bitcoin graph and sell wall in his YouTube video on the 2nd, pointing out that $109,000 is a major psychological barrier for Bitcoin's further rise.
He stated, "There is significant selling pressure at $109,000" and "If this point is breached, Bitcoin could rise to $120,000." Bitcoin's all-time high was recorded at $112,000 on May 22nd.
Indeed, other experts besides Davis have also highlighted the $109,000 level.
Michael Van de Poppe, a cryptocurrency analyst, told Cointelegraph that "Bitcoin must break through the critical resistance level of $109,000 to continue its upward trend."
Previously, Davis had designated the 9th as a "day of destiny," suggesting the possibility of a Bitcoin price drop on that date.
July 9th, 2025, is when Donald Trump's tariff exemption for major trading partners expires, potentially imposing up to 75% tariffs if trade negotiations fail.
Davis mentioned in his broadcast on the 30th of last month that this could be a "pivotal day for the cryptocurrency market," where global trade negotiations could either trigger a major Bitcoin rally or lead to a summer market collapse.
Reporter Seung-won Kwon ksw@blockstreet.co.kr
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