BTC price has reached the bottom and will usher in the "biggest bull market cycle"

Bold new analysis predicts BTC will see some “final corrections” before entering a bull run over the next two years.

In his latest X content, trader, analyst, and entrepreneur Michaël van de Poppe sees $53,000 as the next BTC price downside target.

BTC Price Prediction: “Clear Recovery” to $53,000

Few Bitcoin market observers are willing to publicly declare that the six-month BTC price consolidation is over.

For Van de Poppe, however, one of the most frustrating episodes in Bitcoin’s history is coming to an end.

“Liquidity taken away, #Bitcoin back to $54,800,” he wrote on Sept. 7 regarding BTC/USD’s short-term trajectory.

“Expect this rally to go as high as $55,500, then possibly back to $53,000 before a clear final correction and then a 2-year bull run.”

Bitcoin has failed to convince traders that lower lows are not coming — even as it hit a six-month low below $50,000 a month ago. Pessimism in the crypto market persists despite favorable macroeconomic conditions.

Acknowledging the risks, Van de Poppe believes that the stock market is “taking advantage of the situation.”

“Stock markets are fragile in terms of liquidity, and people are very eager to put money into these assets because of fears of inflation. This will soon reverse,” he predicted on September 8.

Bitcoin is following a similar trend to the S&P 500, similar to 2019. However, there is a silver lining for Bitcoin — a massive “crash” is unlikely.

On the contrary, BTC/USD is replicating the 2019 market compared to the S&P 500, which means it is just the beginning of a long bull run, not the end.

“We can also see that a major correction is happening in the market, which may be about to end, just like the 2019 correction landed at $6,000, and the price of Bitcoin may land at $45-50,000,” Van de Poppe concluded.

“From this perspective, with the upcoming Fed rate cuts, a weakening economy, and increased global liquidity from China, we are actually on the verge of the biggest bull cycle in history, which is almost inevitable.”

On September 18, the Federal Reserve will hold a meeting to decide on interest rate changes, and the market has long priced in a 100% chance of a rate cut.

This will ultimately benefit cryptocurrencies and risk assets as lower interest rates will encourage liquidity to enter the market.

As of the close of the week on September 8, BTC/USD was trading at around $54,000, according to data from Cointelegraph Markets Pro and