Analyst: BTC price bottom has reached $45,000 and will usher in the "biggest bull market cycle"

Bold new analysis predicts that BTC will undergo some “final corrections” before entering a bull run over the next two years.

In his latest X content, trader, analyst, and entrepreneur Michaël van de Poppe sees $53,000 as the next BTC price drop target.

BTC Price Prediction: “Clear Recovery” to $53,000

Few Bitcoin market observers are willing to publicly declare that the six-month BTC price consolidation is over.

For Van de Poppe, however, one of the most frustrating episodes in Bitcoin’s history is coming to an end.

“Liquidity taken away, #Bitcoin back to $548K,” he wrote on Sept. 7 regarding BTC/USD’s short-term trend.

"Expect this rally to go as high as $55,500, then maybe revisit $53,000 before a significant recovery. Finally a correction, then a 2-year bull run."

BTC/USDT 4-hour chart. Source: Michael van de Poppe/X

The day before, another article included a chart with a potential roadmap for recovery, barring any unexpected “events” that derailed it.

Bitcoin has failed to convince traders that lower lows are not coming — even as it fell to a six-month low below $50,000 a month ago. Pessimism in the cryptocurrency market persists despite favorable macroeconomic conditions.

Van de Poppe acknowledged there were risks, saying the stock market was “taking advantage of the situation”.

“The stock market is fragile in terms of liquidity, and people are very eager to put money into these assets because of concerns about inflation. This situation will reverse soon,” he predicted on September 8.

Bitcoin and S&P 500 follow similar trend, similar to 2019

However, there is a silver lining for Bitcoin — a massive “crash” is unlikely.

Instead, BTC/USD is replicating the 2019 market dynamics compared to the S&P 500, meaning it is just the beginning of a long bull run, not the end.

“We can also see that a major correction is happening in the market, which could be coming to an end, just like the 2019 correction at $6,000, with Bitcoin prices likely to end at $45-50,000,” Van de Poppe concluded.

“From that perspective, with the Fed’s upcoming rate cuts, a weakening economy and increased global liquidity from China, it’s almost inevitable that we’re actually on the brink of the biggest bull market cycle ever.”

BTC/SPX 1-week chart. Source: Michael van de Poppe/X

On September 18, the Federal Reserve will hold a meeting to decide on interest rate changes, and the market has long priced in a 100% chance of a rate cut.

This will ultimately benefit cryptocurrencies and risk assets as lower interest rates will encourage liquidity to enter the market.

As of the weekly close on September 8, BTC/USD was trading at around $54,000, according to data from Cointelegraph Markets Pro and TradingView.

BTC/USD 1-hour chart. Source: TradingView