Michaël van de Poppe, founder of MN Trading and market analyst, predicted a short-term dip for Bitcoin before an eventual recovery. Posting on X on Saturday, October 24, 2026, van de Poppe shared his market outlook. He stated, "I was expecting to see a slightly higher push to $83,000 before markets started to tumble down. The tumbling down is happening here. This means that I think that we'll sweep the low at $80,000 before we'll go back up (a classic weekend sweep). The end of the correction remains to be near."
Recent coverage from Gokhshtein Media highlights a period of volatility and shifting sentiment for Bitcoin. Spot Bitcoin ETFs recently recorded outflows of $635.6 million, indicating a decrease in institutional investment conviction. Despite this, Bitcoin's price volatility, at 38%, has been observed to match that of Nvidia, suggesting a degree of stabilization. The broader market sentiment, as measured by the Crypto Fear & Greed Index, currently sits at 51, signaling a neutral stance among investors.
Van de Poppe's analysis implies that the current correction phase for Bitcoin is nearing its conclusion. He views the anticipated drop to $80,000 as a temporary "weekend sweep" before an upward movement. His statement suggests that investors should anticipate a brief period of downward pressure, which he believes could represent the final stages of the current market correction before a rebound.
