Bitcoin Trader Sees Bullish Setup Amid Market Turbulence

Crypto traders have been debating the recent surge in Bitcoin prices, with some predicting a bull run and others warning of a false breakout. Michaël van de Poppe, a well-known trader, has weighed in on the matter, arguing that the current market conditions are favorable for a bullish outcome.

According to Van de Poppe, one key factor is the likelihood of low interest rates in the coming future. The CME FedWatch Tool indicates a 95.9% probability that US interest rates will remain unchanged within the current 3.50%-3.75% range, which would typically trigger bullish sentiment.

Another factor cited by Van de Poppe is the growth of tech and AI-related companies, with some companies seeing 40%+ growth in Q1 2026 earnings reports. This positive trend is expected to spill over to financial and industrial companies, among others. The blended year-over-year (YoY) earnings per share growth for the S&P 500 is tracking at 27%-28%, marking the highest quarterly growth since Q4 2021.

Strong institutional investment in Bitcoin through ETFs is also seen as a positive sign by Van de Poppe, with net inflows being strongly positive over the past year. However, he notes that global market tensions, particularly the delicate situation between the US and Iran, could pose a headwind to Bitcoin's price.