Michaël van de Poppe, a well-known figure in the crypto space, anticipates significant market movements as September progresses. He shared his views on the current state of Bitcoin and altcoins, stating, “I expect Bitcoin to undergo a liquidity sweep, followed by a brief period of consolidation.” He described September as a “weak” month for the crypto markets, advising caution. However, he remains optimistic about a breakout above $62,000 by late September or early October, signaling a potential upward trend.

In addition to his Bitcoin predictions, van de Poppe suggested that altcoins might have reached their lowest point, hinting that the worst may be over. He remarked, “A reasonable assumption is that the crypto market has bottomed out.” This aligns with his broader perspective that the market has weathered the typical correction phase of a bull run.

Van de Poppe’s optimism is also fueled by the ongoing expansion of global liquidity. He noted that Bitcoin is moving as expected, approaching its next resistance zone. “A return to $60,000 would be a positive signal for the markets,” he said. He further added that if Bitcoin holds above the $56,000 to $57,000 range, a new push toward all-time highs (ATH) could occur as soon as October.

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The cryptocurrency market is experiencing a notable rebound. With consumer inflation in the U.S. dropping to an annual rate of 2.5%, expectations for monetary easing have increased. Since this inflation data was released, BTC has climbed from $55,000 to $58,000.

Van de Poppe, founder of MN Consultancy, believes a positive trend is emerging for BTC and that a potential breakout could occur at any moment. He has pointed out crucial support and resistance levels for Bitcoin.

Will Bitcoin Continue to Rise?

According to Van de Poppe, the $56,000 mark is crucial for Bitcoin. He stated:

“BTC is currently testing resistance. If we break through the $58,000 level, I expect we could see a rapid rise to $62,000.”

Addressing his followers on X, Van de Poppe provided an optimistic analysis of BTC. His review suggests that the $56,000 support level is holding well and that a resistance at $58,000 could end the current downtrend.

The analysis indicates that if BTC fails to overcome the $58,000 resistance, it might retreat to $56,000. Should this support level fail, BTC could drop to $55,000, a liquidity zone.

Van de Poppe’s “critical” support levels are at $53,600 and $52,550. If BTC breaks through these supports, it might establish new lower levels.

Commenting on the chart, the analyst noted:

“The repeated testing of the critical area shows BTC is holding up well. BTC needs to maintain strength, otherwise, we might need to consider $53,000 or even $48,000. If the bullish momentum continues, we could see BTC surpass $60,000.”

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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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