Bitcoin's Technical Bounce: A Potential Rally to $100K Ahead?

In a recent analysis shared by cryptocurrency trader Michaël van de Poppe, Bitcoin is showing promising signs of a bounce from a key technical level. According to his tweet on February 10, 2026, this current price point represents an excellent foundation for recovery, drawing parallels to the market dynamics seen during the COVID-19 crash. If the weekly chart continues to build on this momentum, the monthly candle could mirror that historic rebound, potentially propelling BTC towards the $100,000 mark within the next three to four months. This optimistic outlook is rooted in technical analysis, emphasizing support zones that have historically triggered significant uptrends in Bitcoin's price action.

Delving deeper into the trading implications, Bitcoin's recent price movements have been testing critical support around the $40,000 to $50,000 range, as observed in early 2026 charts. Traders are closely monitoring the weekly candle formations, where a strong close above the 50-week moving average could confirm the bounce. During the COVID crash in March 2020, Bitcoin plummeted to around $3,800 before staging a remarkable recovery, surging over 1,500% to new all-time highs by 2021. Van de Poppe's comparison suggests a similar pattern: if BTC holds the current support and breaks through resistance at $60,000, it could accelerate towards $80,000 and beyond. On-chain metrics support this view, with increased accumulation by long-term holders and a rise in Bitcoin's hash rate to over 500 EH/s as of February 2026, indicating robust network security and miner confidence. Trading volumes on major pairs like BTC/USDT have spiked by 20% in the last 24 hours leading up to February 10, 2026, reflecting heightened investor interest.

Key Trading Strategies for Bitcoin's Potential Upswing

For traders eyeing entry points, the current bounce offers opportunities in spot and futures markets. Consider longing BTC at the $48,000 support level with a stop-loss below $45,000 to mitigate downside risks, targeting an initial take-profit at $65,000. This setup aligns with Fibonacci retracement levels from the previous bull cycle, where the 0.618 level coincides with the projected bounce zone. Institutional flows are also a factor; data from sources like Glassnode shows a 15% increase in Bitcoin held by entities with over 1,000 BTC in the past month, signaling whale accumulation. Correlations with stock markets, particularly tech-heavy indices like the Nasdaq, could amplify this rally—Bitcoin often moves in tandem with risk-on assets, and a rebound in AI-driven stocks might boost overall crypto sentiment. However, volatility remains high, with the Bitcoin Volatility Index hovering around 60, so position sizing should be conservative.

Broadening the analysis, this technical setup could influence altcoin markets as well. Pairs like ETH/BTC might see Ethereum gaining ground if Bitcoin's dominance drops below 50%, opening doors for diversified portfolios. On-chain indicators, such as a decreasing exchange supply of BTC to under 2.3 million coins as of February 2026, point to reduced selling pressure. If the monthly candle closes bullishly, echoing the post-COVID surge, traders could witness exponential gains. Nevertheless, external factors like regulatory news or macroeconomic shifts, such as interest rate decisions from the Federal Reserve, warrant close attention. Overall, this analysis underscores a high-reward scenario for Bitcoin, with clear trading signals for those positioned strategically.

To optimize trading outcomes, monitor real-time indicators like the RSI, which is recovering from oversold territory at 35 on the daily chart as of February 10, 2026. Support at the 200-day moving average around $42,000 has held firm, providing a safety net. For those exploring leveraged positions, exchanges report a 30% uptick in open interest for BTC futures, reaching $20 billion. This momentum, if sustained, positions Bitcoin for a breakout, potentially mirroring the 2020-2021 bull run. Traders should stay vigilant, using tools like moving average crossovers for confirmation. In summary, van de Poppe's insights highlight a pivotal moment for BTC, blending historical patterns with current metrics for informed trading decisions.