Bitcoin Hovering at $110K Doesn’t Signal a Peak, Says Van de Poppe

• Analyst Michaël van de Poppe says Bitcoin‘s months-long consolidation around $110,000 doesn’t signal a market peak.

• He argues that altcoins remain “massively mispriced,” with many still near all-time lows.
• Van de Poppe predicts a longer, more powerful bull run ahead, urging investors to stay patient and avoid panic.

Renowned crypto analyst Michaël van de Poppe has dismissed growing concerns that the Bitcoin and altcoin market may have already peaked in late 2025.

In his latest YouTube video, van de Poppe argued that despite Bitcoin hovering around $110,000 for months, the broader market is showing no clear signs of a cycle top.

According to him, most altcoins remain near all-time lows, contradicting the idea of a market-wide peak. “Yes, Bitcoin is up, Ethereum is up, but its not really the type of retail sentiment that we wanted to see,” he said, adding that the supposed “top signals” circulating on social media are premature.

Indicators Show No Major Peak

Van de Poppe highlighted data from CoinGlass showing roughly 30 bull market peak indicators, none of which have triggered a top signal so far.

“None of the bull market peak indicators have signaled a peak,” he noted. The observation suggests that the market still has significant room for growth.

He compared current conditions to 2021, when Bitcoin peaked at $69,000 amid 0% interest rates and the start of quantitative tightening. In contrast, the current environment shows rates around 4%, with expectations that tightening will soon end and rate cuts could follow.

“The monetary expansion is going to happen again,” he said. “Most likely, the markets will shift from risk-off assets like gold to risk-on assets such as Bitcoin.”

Related: Bitcoin Price Prediction: JPMorgans Crypto Shift And Polymarket Bets Fuel Talk Of $116K Target

Bitcoin Dominance and the Next Cycle

Bitcoin dominance, which remains relatively high at 60, is another reason van de Poppe believes the market has not yet reached its retail-driven top. He compared todays structure to the period between 2019 and 2020, when Bitcoin consolidated before a major breakout.

He also referenced market strategist Julien Bittel‘s macro analysis, which correlates Bitcoin’s performance with the ISM business cycle indicator. Bittel projects that if ISM readings reach 60–65, Bitcoin could surge to as high as $1.5 million by 2026, levels similar to previous cycle extremes in 2017 and 2021.

Business Cycle Suggests Longer Bull Market

Van de Poppe pointed to business cycle data showing that the current bearish phase has lasted over three years, twice as long as the previous downturn. He suggested that the extended negative period implies the next bull run could be substantially longer and more powerful.

“We are still at the bottom of this entire indicator,” he said. “That means we‘re still at the bottom of the altcoin interest phase, and there’s way more upside to come.”

Altcoins Still “Massively Mispriced”

Despite a 20–40% decline in altcoins and a 20% correction in Bitcoin earlier this month, van de Poppe maintained that the broader market remains undervalued. He pointed out that coins like Optimism (OP) have hit new all-time lows against Bitcoin, signaling potential accumulation zones rather than exit points.

“I think altcoins are still massively mispriced and that there is still a huge gap to their actual fair value,” he said. “If you base your portfolio decisions purely on time, youll be sidelined massively when the markets go up.”

Related: 5 Hidden Gem Altcoins Under $1 to Watch in 2025

Patience Over Panic

Calling the current phase “the final easy cycle,” van de Poppe urged investors to remain patient, avoid leverage, and hold through the volatility. He reiterated his full allocation into altcoins, emphasizing that “fundamentally nothing has changed.”

“This cycle has proven to be completely different from previous ones,” he concluded. “If you remain patient and stay in your positions, theres still a big return coming out of the portfolio.”