Renowned cryptocurrency analyst Michaël van de Poppe has officially declared that the Bitcoin bear market is over, pointing to historical price patterns and key moving averages. In a series of statements on social media platform X, van de Poppe argued that the $60,000 low reached in February 2026 marks the definitive cycle bottom, and that the current uptrend has significant room to run.
The analyst’s thesis hinges on Bitcoin’s interaction with the 200-week and 50-week moving averages (MAs). He noted that, aside from the extraordinary collapse of FTX in 2022, every major Bitcoin bottom has formed near the 200-week MA. The February dip to $60,000 touched that level, making it a historically consistent floor. Now, van de Poppe expects Bitcoin to rally toward the 50-week MA, currently around $93,000, before a healthy correction occurs. This pattern of post-bottom rallies to the 50-week MA, followed by pullbacks, has played out in multiple previous cycles.
Van de Poppe dismissed the growing popularity of bearish “bear flag” patterns, calling that narrative overcrowded and lacking strong fundamental support for new lows. He emphasized that the structural trend has shifted bullish. Regarding altcoins, he cautioned that the sector is still in its early stages, with new narratives yet to emerge. Certain altcoins may show strong short-term performance but could quickly lose momentum as the market searches for sustainable themes.
The analyst’s forecast is based entirely on technical chart patterns and does not constitute financial advice.
