Crypto analyst Michaël van de Poppe thinks Bitcoin (BTC) is nearing its bottom. He believes the current downturn is setting the stage for the next bull run.
Bitcoin’s Dip: A Buying Opportunity?
Van de Poppe, who boasts a large following on X (formerly Twitter), says the current bearish sentiment suggests a bottom is close. He argues that Bitcoin’s recent drop below $90,000 is designed to clear out existing buy orders before a price surge. His “ultimate bottom case” scenario puts Bitcoin’s price between $83,000 and $87,000 before a significant upward trend begins.
Altcoins Looking Good
Van de Poppe is also keeping a close eye on the TOTAL3 chart, an index tracking the total market cap of altcoins (excluding Bitcoin, Ethereum, and stablecoins). He’s bullish on altcoins as long as TOTAL3 stays above $750 billion. At the time of writing, TOTAL3 is trading well above that level.
Disclaimer
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
