News View Non-AMP

Top Analyst Predicts Bitcoin Price Drop To $54K! Is This Your Chance to Snag Altcoins?

Published by
Elena R

Despite the ongoing interest in Bitcoin’s price among investors, market expert Michael Van De Poppe has made a striking prediction: Bitcoin’s value might dip to $54,000. Currently, Bitcoin faces resistance at $61,300 and finds support at $60,208, with trading volume dropping by 13.46%, indicating bearish sentiment.

Digging into the data, Santiment reveals a concerning trend: Bitcoin’s on-chain activity is nearing record lows, signaling cautious investors awaiting clearer market signals before diving in.

Ready to explore this in further depth?

Altcoins Take the Stage

In the midst of this market correction, altcoins bear the brunt of losses while traditional assets thrive. Bitcoin itself has seen a notable correction, plunging to $60K, marking its largest drop in the ongoing bull cycle. This divergence prompts Van De Poppe to reconsider his strategy, turning his attention to altcoins as an opportunity amidst the storm.

Van De Poppe shares his playbook, aiming for more Bitcoin by investing in low-cap altcoins. His strategy relies on careful analysis of market cycles and opportunity costs to maximize Bitcoin holdings, with a keen eye on altcoin market capitalization for strategic trades.

All Eyes on Ethereum

The analyst closely monitors Bitcoin’s value compared to other cryptocurrencies. Anticipating a prolonged correction period for Bitcoin of over 70%, he advises reallocating assets to altcoins, especially Ethereum, ahead of potential positive catalysts such as approving an Ethereum exchange-traded fund (ETF). He emphasizes Ethereum’s role as a leading indicator of altcoin performance and suggests that a reversal in Ethereum’s price could trigger a broader rally in the altcoin market.

Van De Poppe’s approach involves selling some altcoins when they rise to acquire more Bitcoin, a tactic aimed at increasing his Bitcoin stash over time.

Key Takeaways for Investors

Michael van de Poppe advises closely monitoring Bitcoin’s price, which faces resistance near $61,300 and support at $60,208. These levels help traders assess market sentiment and decide whether to buy or sell Bitcoin. Additionally, tracking trading volume, which has decreased by 13.46%, provides further insights into potential market trends.

He believes there may be a final price drop before a rebound, echoing his prediction of a ‘final wash’ scenario, potentially leaving Bitcoin at lower values before recovering.

Also Check Out: Bitcoin Bullish Breakout or Bearish Breakdown? Here’s Gareth Soloway’s Pre-Election Prediction

Ready to adjust your crypto strategy? Here’s how to get started with altcoins: A Beginner’s Guide To Altcoins: How, What, Where and Why!

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Bitwise Amends S-1 Filings for Spot Dogecoin ETF and Aptos ETFs: Approvals on Track?

Bitwise Asset Management filed amended S-1 registration statements with the United States Securities and Exchange…

June 27, 2025

Top Reasons Why Bitcoin Price May Retest $92k First Before Reaching $120k in the Midterm

Bitcoin (BTC) price has experienced heightened resistance around $108k in the past few days amid…

June 27, 2025

XRP Price Prediction, Next 100x meme coin : How Can XRP Push Past $5 Before the End of 2025?

XRP’s Setup Signals Breakout Potential XRP is showing strong recovery signs as analysts project a…

June 26, 2025

Kaanch Network Just Became the Most Talked-About Layer 1 Token on Crypto X

Kaanch is fast becoming one of the outstanding tokens in Crypto X which is attracting…

June 26, 2025

Ruvi AI (RUVI) Takes Notes from Avalanche’s (AVAX) Rise, Utility Focus and Passed Audit Put It on the Right Path

Avalanche took the crypto world by storm with its ability to deliver scalable and efficient…

June 26, 2025

Ledger and Chorus One to Boost ETH Staking with MEV Max Integration

Ethereum staking has grown from a niche activity into a foundational element of the blockchain…

June 26, 2025