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Michaël van de Poppe: Lack of Bitcoin Movement Seen as a Positive Indicator, 2026/04/04 10:11:22
The founder of MN Trading and analyst Michael van de Poppe stated that the current stability of Bitcoin may suggest the establishment of a foundation for future growth.
According to him, the market is in a consolidation phase, during which a range is formed and liquidity is accumulated. In such conditions, selling pressure diminishes, and market participants prepare for the next movement.
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“An extended sideways range is a typical phase for the market following significant movements. It allows for the ‘digestion’ of previous gains and the formation of a base for the upcoming bullish phase,” the analyst noted.
He added that a key signal will be the price reaction when attempting to break out of the current range. A sustained move above the $70,000 level could confirm readiness for an upward trend, while failure to maintain above it would indicate ongoing uncertainty.
Previously, Michael van de Poppe pointed out that following a decline in February, Bitcoin has been establishing higher lows, which may indicate a strengthening market structure.
