Michaël van de Poppe, founder of MN Trading, shared his market outlook on X today, November 13, 2026, noting Bitcoin's recent price action. He observed that "#Bitcoin has taken out the low of August," and based on indicators like investor fear and a Z-Score extension to the downside, he anticipates a mean reversion. Van de Poppe articulated his expectation: "Due to this, I think that a bounce towards $72,000-74,000 is fairly what we could expect to see happening over the coming days. As I said, I'm buying here."
Bitcoin's price has been under pressure, with recent Gokhshtein coverage highlighting a decline that has initiated a bear market debate. The digital asset has dropped below $70,000, coinciding with $1.5 billion in net outflows from Bitcoin ETFs and a $622 million liquidation cascade hitting leveraged long positions. The Crypto Fear & Greed Index currently sits at 20, indicating 'Extreme Fear' among investors.
Van de Poppe's analysis suggests that current market sentiment, characterized by widespread fear, coupled with technical signals like the 200-Day Moving Average liquidity being taken, points to an imminent upward correction. His personal decision to buy indicates a belief that the asset is at a temporary bottom and poised for a short-term recovery to the $72,000-$74,000 range. This implies that the recent downturn may be overextended, setting the stage for a rebound.
