Bitcoin analysts predict that the "biggest bull cycle in history" is coming, predicting that $45,000 will be the bottom of BTC's price. Michaël van de Poppe, a well-known entrepreneur in the cryptocurrency field, said that the price of Bitcoin will undergo a "final adjustment" before entering a bull market of at least two years.
The analyst’s latest view suggests that Bitcoin is about to complete its final correction and will enter a two-year up cycle. On his X platform, Van de Poppe pointed out that BTC’s next target is $53,000.
BTC Price Prediction: $53,000 will usher in a breakthrough rise
Few analysts in the market dare to publicly declare that Bitcoin’s consolidation period is over, but Van de Poppe firmly believes that after months of slump, a rebound in the market is just around the corner.
“Liquidity has been absorbed and#Bitcoinhas recovered to $54,800,” he said in a tweet on September 7. He expects the top of this rally to be around $55,500, after which the price may pull back to $53,000, but this phase will be the final correction, followed by a bull run! 🚀
BTC/USDT 4-hour chart Source: Michaël van de Poppe/X
The day before, he shared a potential BTC price path diagram, noting that if no major unexpected events disrupt the market, the price is expected to recover along this path.
Even though Bitcoin fell below $50,000 a month ago, many traders remain skeptical about the market and fear further declines. Despite the gradually improving macroeconomic outlook, the crypto market still shows a certain degree of pessimism.
Van de Poppe acknowledged this, reminding everyone that the stock market is still "weak" and predicting that there may be a flow of funds from the stock market to other asset classes in the future. He pointed out on September 8: "Stock market liquidity is thin and inflation concerns have led to a transfer of funds. However, this situation will soon reverse."
Bitcoin vs. S&P 500: Replicate the 2019 miracle?
Despite the challenges, Van de Poppe remains confident in the future of Bitcoin, noting that the BTC/USD trend is repeating the market performance in 2019, which means that Bitcoin may have just started a long bull run, not ended it.
He further explained: “We have seen a significant correction in the market, which may end soon. Like the correction in 2019 near $6,000, this time we may stabilize between $45,000-50,000.” 😎
Van de Poppe believes that the impending rate cut by the Federal Reserve, increased global liquidity, and China's economic recovery almost indicate that we are standing at the starting point of the biggest bull market in history.
BTC/SPX 1-week chart Source: Michaël van de Poppe/X
According to Cointelegraph, the U.S. Federal Reserve will hold a meeting on September 18 to discuss interest rate changes, and the market generally expects a rate cut. This is undoubtedly good news for the cryptocurrency market, as lower interest rates will inject more liquidity into risky assets.
As of September 8, BTC/USD was trading at around $54,000, and market sentiment was gradually improving.