$BTC early-December pullback appears to be more of a technical reset than a shift in the broader trend, according to analyst Michaël van de Poppe. He attributes the move to a blend of algorithmic flows, thin liquidity, and a natural retest of resistance—factors that regularly emerge at the start of a new month.
Van de Poppe explains that $BTC often becomes volatile when monthly candles close and reopen. Algorithmic trading systems adjust positions, creating short-term selling pressure. This effect was visible on the TradingView charts, which showed a sharp decline as December began.
Market liquidity remains unusually light. The analyst points to the October 10 washout, during which many market makers were hit hard and scaled back activity. With fewer liquidity providers active, even modest sell orders can push the price down more aggressively than usual.
$BTC also faced a clear rejection at a well-defined resistance zone—a level it has tapped several times in recent weeks but hasn’t managed to break. This repeated failure created a strong ceiling, and the latest rejection triggered the downturn currently unfolding.
Chart patterns highlight this behavior: Bitcoin dropped sharply from a local high, swept liquidity beneath the lower range, and then saw a modest recovery. This aligns with van de Poppe’s view that early-month algorithmic adjustments combined with low-liquidity conditions allowed the price to fall quickly. Still, buyers stepped back in at the lower boundary, preventing a deeper breakdown.
Looking ahead, the analyst expects Bitcoin to revisit the same resistance zone within one to two weeks. If bulls can finally push through that ceiling, he sees strong potential for continued upside.
Overall, van de Poppe maintains that Bitcoin remains in a healthy consolidation phase. The latest decline, he says, is a normal reset within a broader trend that is still gearing up for momentum—not a sign of underlying weakness.
