Market analyst Michael van de Poppe is speaking out about Bitcoin (BTC) again, but this time in a markedly different tone than last week. For this specialist Bitcoin’s current level is “not good” And the risk of further decline remains latent.
The trader’s alert was issued through his account on March 28, 2026. In that scenario, For Van de Poppe, USD 60,000 would be an ideal area to initiate a long position.
the only person Factors that change this viewAccording to analysts, it is: Continuous break above $71,000. Until that happens, that bias will remain in bearish territory.
Changes in position on Bitcoin
What makes the trader’s current statement even more meaningful is the contrast with what Van de Poppe himself claimed just days ago. As reported by CriptoNoticias: On March 23, at the height of the price decline, the analyst publicly defended his bullish theory. It relies on the historical relationship between Bitcoin and gold.
At the time, Van de Poppe argued that the current cycle correction (about 70% in gold terms) is within the historical range that has marked the lower end of the market in past cycles. “We’ve been in a bear market for 13 to 14 months already, and historically that’s when BTC bottomed out versus gold,” he said at the time.
The paper’s logic indicated that Bitcoin may be entering a correction phase ahead of a new uptrend, rather than the beginning of another decline.
but, The failure of assets to maintain key levels appears to have undermined that confidence.. The analyst not only abandoned his bullish bias, but also identified a likely scenario he had previously ruled out: a continued decline.
Other analysts had already warned of the vulnerability of Bitcoin’s recent momentum. For example, Willy Wu pointed out that the movement of assets above $75,000 was mainly driven by the futures market and short-term investors, creating a volatile liquidity base.
This kind of movement can cause a chain of liquidations due to sudden price changes, amplifying both gains and losses.
The scenario described by Mr. Wu, a “bull trap” that attracts buyers before a reversal, is consistent with the technical view currently expressed by Mr. Van de Poppe.
