Bitcoin Analyst Predicts $45K Floor and ‘Biggest Bull Cycle Ever’ for BTC

Crypto analyst Michaël van de Poppe predicts Bitcoin will experience “final corrections” with a dip to $53K before entering a two-year bull run, marking the start of the “biggest bull cycle” yet.

Bitcoin (BTC) is gearing up for what could be the “biggest bull cycle ever,” according to crypto entrepreneur and analyst Michaël van de Poppe. In his latest analysis shared on social media platform X, van de Poppe forecasted that Bitcoin is likely to undergo a final correction before it kicks off a two-year bull run. He specifically pointed out $53,000 as the next potential dip target for BTC before the cryptocurrency “clearly breaks back upwards.”

Van de Poppe’s analysis comes as Bitcoin has been consolidating around the $54,000 mark, following six months of market uncertainty. Despite this, the trader is confident that the end of this consolidation phase is near. He commented, “Liquidity was taken & #Bitcoin is back up to $54.8K. Expect a max of $55.5K on this run and then we could be revisiting $53K before clearly breaking back upwards. Final corrections & then 2 years bull.”

While many market observers remain cautious, fearing potential lower lows in the short term, van de Poppe argues that Bitcoin is likely following a similar pattern to its 2019 behavior, which eventually led to significant gains. He further noted that Bitcoin’s current price action mirrors its movements against the S&P 500 in 2019, suggesting that Bitcoin is at the beginning of a long-term bull market rather than the end.

The analyst also highlighted the upcoming Federal Reserve meeting on September 18, where a decision on interest rates is expected. Lower interest rates could boost liquidity, driving further investment into crypto markets. Coupled with global economic factors like potential rate cuts from the Fed and increased liquidity from China, van de Poppe believes these conditions could spark the largest bull cycle in Bitcoin’s history.

Van de Poppe is not alone in his bullish outlook for Bitcoin. Many traders are cautiously optimistic that the market is on the verge of a significant shift, with the next few weeks being critical for determining Bitcoin’s trajectory. As of September 8, Bitcoin was trading at approximately $54,000.

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