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The founder of the consulting firm MN Trading and analyst Michael van de Poppe has stated that Bitcoin could reach a new all-time high by the end of this year.
According to him, following significant corrections, the asset’s price typically rebounds and increases by 30–60% over approximately six months. If this trend continues, the price could hit $100,000 by the third quarter and potentially set a new historical peak by year-end, the analyst believes.
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He also pointed out a decline in the proportion of coins that are currently at a loss. In his assessment, this trend emerged after the market downturn in 2018 and has persisted through subsequent cycles: the number of assets purchased at higher prices is gradually decreasing.
Van de Poppe noted that no other global asset exhibits such consistent and symmetrical dynamics. In his view, this supply structure renders Bitcoin a unique financial instrument.
He added that the current market behavior reflects the strengthening positions of long-term holders, which reduces selling pressure and lays the groundwork for further growth.
Previously, analysts from the trading company QCP Capital indicated that Bitcoin’s price is becoming increasingly influenced by even minor news related to the situation in the Middle East.
