Expert: Bitcoin's Bear Market Concluded at $60,000, Macro Trend Remains Firmly Bullish
The recent market turbulence might have short-term traders sweating, but prominent crypto analyst Michael van de Poppe believes the big picture looks incredibly bright for Bitcoin (BTC).
According to insights shared by NS3.AI, van de Poppe states that Bitcoin's bear market officially concluded when it hit the $60,000 mark in February. Despite localized corrections, he emphasizes that the overall structural trend for BTC remains firmly bullish.
📈 The Path to $93,000: Eyeing the 50-Week Moving Average
To back up his bullish stance, van de Poppe highlighted a reliable historical chart pattern:
The Setup: Historically, once Bitcoin successfully exits a bear market cycle, it consistently rallies toward a key macro technical indicator.
The Target: That indicator is the 50-week moving average.
The Prediction: Based on current data, he estimates this vital level to be sitting around $93,000, serving as a major upside target for the current expansion phase.
While the market handles short-term liquidations and macro noise, high-level technical structures suggest that the floor is firmly in and the path of least resistance continues to point upward.
📌 Source: Binance News / NS3.AI
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