Veteran Analyst Says Bitcoin Decline Is Temporary, Calls It a Once-in-a-Lifetime Buying Opportunity

▲ Bitcoin (BTC) Rise / AI-Generated Image

Bitcoin (BTC) prices continue to struggle amid a downward trend. However, renowned cryptocurrency analyst Michaël van de Poppe has described the current moment as a once-in-a-lifetime buying opportunity. Despite various external factors weighing on the market, van de Poppe emphasized that Bitcoin is clearly undervalued and advised investors to accumulate during the downturn.

According to The Daily Hodl, van de Poppe analyzed that Bitcoin’s recent valuation remains at historically low levels. He explained that fewer than 5% of all trading days in Bitcoin’s history have seen prices lower than the current level. He compared this undervalued period to key moments such as January 2019 when Bitcoin traded around $3,000, March 2020 during the COVID-19 market crash, and December 2022 when prices fell to $15,000 amid the FTX collapse.

Van de Poppe argued that regardless of the cause behind the market downturn, Bitcoin’s intrinsic value remains unchanged. He acknowledged overlapping negative factors such as allegations of market manipulation by Jane Street, gamma plays in the options market, and correlations with software companies, but viewed them as temporary phenomena. “Whenever discussions arise about crises in the global financial system and banking sector, the conclusion eventually leads back to Bitcoin,” he said, underscoring the asset’s importance.

On-chain data and technical indicators also support van de Poppe’s claim. He pointed out that Bitcoin is currently in its most oversold condition since 2018. That year marked the tail end of a prolonged bear market, followed by several years of strong recovery. He explained that when market participants dismiss early rebounds as fake rallies and remain skeptical, it often signals the critical turning point of a trend reversal.

At present, Bitcoin is undergoing a period of consolidation within a range and absorbing supply before volatility expands. Van de Poppe believes the market is simply confined within a specific range, which serves as a precursor to a significant breakout accompanied by heightened volatility. He added that periods of prolonged waiting and low excitement, like the one now, are precisely the most attractive zones for accumulating assets.

As Bitcoin enters a phase of accumulation near its lows, conditions are becoming favorable for long-term investors. Van de Poppe asserted that a substantial price decline does not necessarily mean further downside is inevitable. Opportunities to secure Bitcoin at discounted prices are rare, and he projects that a breakout from the current range could signal the beginning of a major upward move.

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