Analyst and trader Michaël van de Poppe is offering his outlook on Bitcoin (BTC) and two other crypto assets amid a market recovery.

Van de Poppe tells his 791,900 followers on the social media platform X that Bitcoin is in the first phase of consolidation after breaking out from the $106,500 price level.

According to the widely followed analyst, the first consolidation phase is likely to last a couple of days.

“Then, we’re going to have the next breakout above the all-time high.

Ideal zone to buy? I would estimate around $107,000 – $108,000.

Buy the dip season.”

Bitcoin is trading at $109,325 at time of writing.

Next up is Ethereum (ETH). According to Van de Poppe, Ethereum is…