Michaël van de Poppe, founder of MN Trading and a prominent market analyst, posted on X on Tuesday, October 27, 2026, at 10:08:53 UTC, outlining his immediate view on Bitcoin's price action. Van de Poppe observed a lack of upward momentum, stating, "Weakness remains in the markets on #Bitcoin. Price couldn't break through $81,000 and therefore, we continue to fall. Not unusual, almost always there's a correction prior to a FOMC meeting that bottoms at the end of Tuesday. Wouldn't be surprised that we're seeing a sweep here towards $78,500ish and a quick bounce upwards after that. I remain short-term bearish, but I also remain to be rational that this correction is such a phenomenal opportunity to scoop up a position for the long-term."
Bitcoin has recently been testing the $80,000 level, a point of interest for many market observers, as detailed in recent coverage on a potential retail exodus. Despite price movements, Bitcoin Spot ETFs have continued to attract capital, drawing $110 million recently. Furthermore, institutional engagement in the digital asset space expanded with Standard Chartered launching direct Bitcoin trading services.
Van de Poppe's analysis implies that traders should anticipate a potential dip to approximately $78,500 before a recovery. He attributes this expected correction to typical market behavior preceding FOMC meetings. While maintaining a short-term bearish stance, he views any such price decline as a significant chance for long-term investors to acquire Bitcoin.
