Crypto analyst Michaël van de Poppe has released an analysis predicting that Bitcoin could experience a rally towards $93,000. This prediction is based on historical market behavior tied to the 200-week and 50-week moving averages.
The long-term structure of Bitcoin remains strong above key moving averages, according to van de Poppe. The analyst notes that Bitcoin has historically bottomed around the 200-week moving average during major bear markets, with the exception being the 2022 collapse tied to the FTX and Luna crisis.
The current chart setup suggests that Bitcoin still has room to climb towards $93,000, although the timeline remains uncertain. The move could happen quickly or develop later in the year as market momentum builds gradually.