Crypto Analyst Michael van de Poppe on Monday shared key resistance levels for Bitcoin BTC/USD on the way to the $23,000 mark.

What happened: Van de Poppe, in a youtube Video, said that if Bitcoin breaks the $23,800 resistance level, we can expect the uptrend to resume. However, if the price dips below $22,300 and we see a rally at that level, it could signal the start of the trend reversal to the south.

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According to the analyst, Bitcoin is currently consolidating and retesting some key levels and the overall trend remains bullish. This means that if BTC is above $22,000, “there is a high probability that the rally will continue, so you should focus on that area to get the best entry points,” he said.

Van de Poppe tweeted Monday that another test of support is likely if BTC fails to stay above the crucial $23,800 level. If successful, it will retest the $25,000 level, presenting a great opportunity for the “longs” (investors looking to buy and hold for the long term) to jump in.

Price promotion: At the time of writing, BTC is trading at $23,277, down 0.58% over the past 24 hours. according to Benzinga Pro.

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