- Michaël van de Poppe forecasts Bitcoin’s drop before a bullish trend in Q4.
- Bitcoin ETFs see $241M in inflows, while Ethereum ETFs face continued outflows.
- Raoul Pal forecasts Bitcoin’s peak in 2026, marking a shift to a 5-year cycle.
Bitcoin is currently showing signs of a potential downward movement before its next bullish rally. Michaël van de Poppe, a well-known crypto analyst, suggests that Bitcoin ($BTC) might see more downside in the short term.
According to his analysis, the price is approaching a critical support zone around $111,900. He highlights that this level could lead to a further dip, possibly as low as $110,000.
Historical price patterns point to a possible reversal in this region, which may set the stage for Bitcoin to rebound and enter an uptrend. Van de Poppe advises traders to be prepared for the short-term correction but to stay bullish for the longer term.
Bitcoin ETFs See Strong Inflows; Ethereum ETFs Struggle
On September 24, U.S. spot Bitcoin ETFs experienced a notable surge in inflows, totaling $241 million. BlackRock’s IBIT ETF led the pack, attracting $129 million of the total inflow.
The increase in institutional investments signals continued confidence in Bitcoin, despite recent market volatility. At the time, Bitcoin’s price was $113,420. This strong demand reflects growing institutional interest in Bitcoin, as more players are entering the market in anticipation of future gains.
In contrast, Ethereum ETFs faced significant outflows on the same day, amounting to $79.36 million. This marked the third consecutive day of negative movement for Ethereum ETFs.
Raoul Pal Predicts Bitcoin Will Peak in 2026
Raoul Pal, a leading crypto analyst, shared his view that the traditional 4-year Bitcoin cycle has now shifted to a 5-year cycle. Pal predicts that Bitcoin will reach its peak in 2026, likely in Q2.
His statement suggests a longer market cycle for Bitcoin, deviating from the typical pattern observed in previous years. As the market evolves, Pal’s outlook points to a more gradual climb toward Bitcoin’s next major price surge. The extended 5-year cycle means that Bitcoin could see more stable growth in the coming years, though major fluctuations are expected along the way.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
