Bitcoin has lost the crucial support level of $94,000, prompting further corrections. Altcoins are also experiencing significant losses, making this a challenging period for investors. Comparisons to similar periods from the end of 2025 until today add to the discomfort. At this juncture, even the optimist Michael Poppe seems to be concerned, prompting us to look at current analyst forecasts.
Poppe’s Bitcoin Forecast
Michael Poppe, a cryptocurrency analyst known for his optimism, has shown concern following the recent decline. Bitcoin failed to break the $98,000 resistance and needed to hold the $94,000 support to make another attempt at this resistance zone. As of today, it further distanced itself from the $94,000 support. Moreover, losing the $92,500 mark has brought Bitcoin back to its long-frequented range.
The break below $92,500 and $94,000 hinted at a test of the $98,000 level. However, the current scenario foreshadows a more substantial dip testing the $85,000 limit.
Sharing the above chart, Poppe commented:
“Looking at Bitcoin’s technical data, the picture isn’t promising. A minor test at $96,000 followed by swift rejection led to a market downturn, causing most Altcoins to dip to new cycle lows.
For a sustainable rise, consistent higher lows and reclaiming the 21-day moving average are preferred.
The final hurdle is maintaining the 50-day moving average and avoiding new lows. Should this happen, we may see a rapid acceleration in gold prices and a final deep correction in Bitcoin.”
Predictions from Two Analysts
For following investors, the Greenland tension on Sunday hinted at such outcomes. This week has laid the foundation for more significant declines in many respects. News flow often decisively influences price direction. Trump’s revelation of private messages with world leaders has further complicated matters, deepening the cryptocurrency decline.
Nevertheless, Mikybull remains hopeful for a rise. The increase in metal prices, the rise experienced by small-cap U.S. companies, Japan’s potential for liquidity pumping, and the Fed beginning QE this year are developments that instill hope in the analyst.
Sherpa suggests staying on the sidelines for a while.
“Theoretically, the price should fluctuate around here, but due to potential developments in stocks at today’s opening, I will likely not act. I’ll just watch, and I’ll be happy to buy if the price rises.”