Popular market expert Michaël van de Poppe has stated that Bitcoin has already reached its cycle bottom. The leading cryptocurrency is currently in an ongoing uptrend that started in early April. During this time, Bitcoin’s price has risen from around $67,500 to a recent peak of around $80,000, culminating in a net gain of around 20%.
50-Week MA Indicator Represents Pivotal Encounter for Bitcoin Bulls
In line with his bullish outlook, Van de Poppe has done just that marked two crucial price barriers that lie ahead in this postulated market recovery, supported by a historical pattern that transcends market cycles. Using data from 2017 to 2024, the seasoned analyst explains that the first rally in any bull cycle often encounters crucial resistance at the last significant support level and/or the 50-Week Moving Average (MA).
Based on this historical data, the immediate resistance level for Bitcoin is between $86,000 and $88,000, a price zone that had served as the key support region from November to January, prior to the heavy market sell-off that ended January.
There are two crucial resistance zones for this #Bitcoin monitors.
– $86-88K. – $93-95K (at the 50 week MA).
With each initial rally of the bull cycle, you will see resistance around the previous support level and/or the 50-week MA.
Has been the case in the 2017, 2021 and 2024 cycles.… pic.twitter.com/0uAQj4VMkw
— Michaël van de Poppe (@CryptoMichNL) May 9, 2026
However, the more significant resistance level is higher. As the name implies, the 50-Week Moving Average (MA) is a long-term technical indicator that tracks the average closing price of an asset over the past 50 weeks to identify the broader market trend. It is often used to detect major resistance or support levels and to confirm bullish and bearish market momentum.
Van de Poppe’s Bitcoin analysis shows that the 50-week MA has consistently acted as a key flip zone during Bitcoin bull markets once it is below the 200-week moving average, which serves as a crucial long-term support level. As we saw in the previous cycle, this crossover turns the 50-week MA into a strong support level, paving the way for a prolonged price rally.
Altcoin Rally, Market Rebound – Bull Run has multiple phases
According to van de Poppe, there is a good chance that Bitcoin will consolidate around the marked resistance zones for a few weeks. During this period, the analyst predicts that altcoins could attract capital inflows and register a significant rally, providing an early opportunity to recoup losses from the bear market or generate profits for new entrants to the market.
However, Van de Poppe also warns that Bitcoin could retest the $70,000-$75,000 range before resuming the bull rally. At the time of writing, Bitcoin is trading at $80,900, up 1.02% from the past day. Meanwhile, daily trading volume fell 44.29% to $19.29 billion.