Michaël van de Poppe, founder of MN Consultancy, referred to the recent market declines as the “final corrections.” His well-regarded analysis gained attention as he shared his thoughts with his followers on X.

Van de Poppe set a price target of $53,000 for Bitcoin’s next dip. According to him, once this drop occurs, the crypto market is expected to enter its next bull cycle.

“Bitcoin is Preparing for the Biggest Bull Cycle”

Van de Poppe predicted that the six-month price consolidation of Bitcoin (BTC) is nearing its end. He believes BTC is about to emerge from “one of the most frustrating periods in its history.”

On September 7, while analyzing the BTC/USD pair, the analyst noted that “liquidity has been taken, and BTC bounced back to $54.8K.” He further commented that with liquidity absorbed, a potential breakout could happen at any moment:

“We’re expecting a maximum of $55.5K during this run, and then we may revisit $53K before a clear upward breakout. These are the final corrections, and then we’ll see a two-year bull run.”

Van de Poppe’s analysis also highlighted that the BTC/USD pair is mirroring the behavior it exhibited in 2019 when compared to U.S. stocks. He believes this pattern signals the beginning of a long-term bull market.

The analyst concluded by saying, “We can see a major correction in the markets that is close to ending.” Drawing parallels to 2019’s dip, he added, “Just like in 2019 when Bitcoin dropped to $6,000, we might see it dip to $45,000-$50,000 this time.”

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