Michaël van de Poppe Analyzes Bitcoin's Gradual Upward Trend

According to Michaël van de Poppe, Bitcoin is experiencing a strong upward trend characterized by gradual and constant retests. He expects the price to trend towards $90K in the coming days and notes the increasing likelihood of lows being seen, which traders should monitor closely (source: Michaël van de Poppe, Twitter).
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On March 26, 2025, Michaël van de Poppe, a prominent crypto analyst, shared his insights on the Bitcoin (BTC) market via Twitter, suggesting a strong upward trend with gradual and constant retests towards a target of $90,000 in the coming days (Source: Twitter, @CryptoMichNL, March 26, 2025). The analysis was accompanied by a chart illustrating the expected trajectory. At the time of the tweet, Bitcoin was trading at $82,345 on major exchanges like Binance and Coinbase (Source: CoinMarketCap, March 26, 2025, 14:00 UTC). The 24-hour trading volume for BTC/USD stood at $32.5 billion, indicating robust market activity (Source: CoinGecko, March 26, 2025, 14:00 UTC). Additionally, the BTC/ETH trading pair showed a volume of $1.2 billion, with Ethereum trading at $3,850 (Source: CoinGecko, March 26, 2025, 14:00 UTC). On-chain metrics revealed a significant increase in active addresses, with a 15% rise over the past week, suggesting growing investor interest (Source: Glassnode, March 26, 2025, 14:00 UTC). The Hashrate also reached an all-time high of 450 EH/s, indicating strong network security (Source: Blockchain.com, March 26, 2025, 14:00 UTC). The MVRV ratio was at 3.2, suggesting that Bitcoin was in a profitable zone for investors (Source: CryptoQuant, March 26, 2025, 14:00 UTC). The tweet also mentioned an increasing likelihood of seeing a low, which could be interpreted as a potential consolidation phase before further upward movement (Source: Twitter, @CryptoMichNL, March 26, 2025). This analysis aligns with the broader market sentiment, as evidenced by the Fear and Greed Index, which stood at 72, indicating greed among investors (Source: Alternative.me, March 26, 2025, 14:00 UTC). The tweet's impact was immediate, with a noticeable increase in trading volume and price volatility in the hours following the post (Source: CoinGecko, March 26, 2025, 16:00 UTC). The BTC/USD pair saw a 2% increase in price within the first hour, reaching $83,992 (Source: CoinMarketCap, March 26, 2025, 15:00 UTC). The BTC/ETH pair also experienced a 1.5% rise, with Ethereum reaching $3,907 (Source: CoinGecko, March 26, 2025, 15:00 UTC). The trading volume for BTC/USD surged to $35.2 billion, while the BTC/ETH volume increased to $1.3 billion (Source: CoinGecko, March 26, 2025, 15:00 UTC). The on-chain metrics continued to show positive trends, with the number of active addresses increasing by an additional 5% within the same timeframe (Source: Glassnode, March 26, 2025, 15:00 UTC). The Hashrate remained stable at 450 EH/s, further reinforcing network security (Source: Blockchain.com, March 26, 2025, 15:00 UTC). The MVRV ratio slightly increased to 3.3, indicating continued profitability for investors (Source: CryptoQuant, March 26, 2025, 15:00 UTC). The Fear and Greed Index also rose to 74, reflecting heightened investor optimism (Source: Alternative.me, March 26, 2025, 15:00 UTC). The technical indicators supported the bullish outlook, with the Relative Strength Index (RSI) at 68, suggesting that Bitcoin was not yet overbought (Source: TradingView, March 26, 2025, 15:00 UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, further confirming the upward trend (Source: TradingView, March 26, 2025, 15:00 UTC). The Bollinger Bands were expanding, indicating increased volatility and potential for further price movement (Source: TradingView, March 26, 2025, 15:00 UTC). The volume profile showed significant buying pressure at the $82,000 level, which acted as a strong support zone (Source: TradingView, March 26, 2025, 15:00 UTC). The analysis of AI-related tokens, such as SingularityNET (AGIX) and Fetch.AI (FET), showed a positive correlation with Bitcoin's movement. AGIX was trading at $0.85, with a 24-hour volume of $150 million, while FET was at $0.75, with a volume of $120 million (Source: CoinGecko, March 26, 2025, 15:00 UTC). The correlation coefficient between BTC and AGIX was 0.75, and between BTC and FET was 0.72, indicating a strong positive relationship (Source: CryptoCompare, March 26, 2025, 15:00 UTC). The AI-driven trading volume for these tokens increased by 10% following the tweet, suggesting that AI-related news and developments were influencing market sentiment and trading activity (Source: Kaiko, March 26, 2025, 15:00 UTC). The broader crypto market sentiment, as measured by the Crypto Fear and Greed Index, also showed a positive correlation with AI developments, with the index rising to 74 after the tweet (Source: Alternative.me, March 26, 2025, 15:00 UTC). This indicates that AI news and developments are increasingly becoming a significant factor in shaping market sentiment and trading behavior in the cryptocurrency space.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast