When and how will the expected Bitcoin bull come?

Crypto analyst Michaël van de Poppe said that the Bitcoin (BTC) price is preparing for a bull run that will last at least two years.

Michaël van de Poppe, the founder of crypto company MN Consultancy, called the declines in the market “recent corrections”. Van de Poppe, who has been highly appreciated for his analyses, addressed his followers on X.

Van de Poppe pointed to $ 53,000 as the price drop target in $BTC . According to the analyst, the bull cycle in the cryptocurrency market will begin after the decline in question.

Van de Poppe predicted that the six-month Bitcoin (BTC) price consolidation has ended. According to the analyst, BTC is preparing to end “one of the most frustrating periods in its history”.

The analyst, who examined the BTC/USD pair on September 7, commented, “Liquidity was taken and #BTC returned to $ 54.8 thousand.” Van de Poppe, who said that the potential breakout could come at any time with the liquidation, said: “We expect a maximum of $ 55.5 thousand in this run and then we can revisit $ 53 thousand before clearly breaking upwards. These are the last corrections, after which the two-year bull will begin.”

According to the information in the analysis, the BTC / USD parity is copying the behavior in 2019 when compared to US stocks. Van de Poppe thinks that this behavior is the beginning of a long-term bull market.

“We can also see that there is a significant correction in the markets and that it is about to end,” said the analyst, concluding his words as follows:

“Just as the correction in 2019 fell to $ 6 thousand, it is likely that we will fall to $ 45-50 thousand in #Bitcoin .”