Michaël van de Poppe, founder of MN Trading and a widely followed market analyst, announced on X on Thursday, October 29, 2026, that he believes the bottom for Bitcoin is in. He stated, "I'm calling it, I think that the bottom is in for #Bitcoin. Everyone seems to be so feared for what was going to come in these days. The end result: markets have swept $80,000, but haven't been printing new lows. There's no clear news coming out from here that would push the markets any further, and if we look at the markets from a rational standpoint. There needs to be a breakout clearly above $81,000, but I'm satisfied that we're going to be seeing a strong move further upwards and that we'll be targeting $90,000-94,000 going forward."
Van de Poppe's statement comes amidst a period where public companies are accumulating Bitcoin, with 1.3 million Bitcoin now held by such entities, as reported in recent coverage. Other analysts have dismissed calls for a Bitcoin retest of lower levels, citing on-chain data strength. The overall Crypto Fear & Greed Index currently stands at 51, indicating a neutral sentiment in the market today.
Van de Poppe's view suggests that despite recent market fears, Bitcoin has found a floor after sweeping the $80,000 level without establishing new lows. He anticipates a strong upward trajectory, provided Bitcoin can break above $81,000, with an ultimate target range of $90,000 to $94,000 in the near future.
