Bitcoin could be on track for another major rally, according to cryptocurrency expert Michael van de Poppe, who believes the world's largest digital asset is setting up for a significant breakout in the coming months.

In a post on X, Poppe shared a bullish outlook for Bitcoin, suggesting the leading cryptocurrency could rally toward the $80,000 to $85,000 range in the coming weeks.

According to his analysis, this move would represent the first significant post-bear market advance and align closely with a key technical level.

The prediction centers on Bitcoin's interaction with its 50-week moving average. Poppe notes that this indicator has historically served as notable resistance during the initial recovery phase after prolonged downturns.

Van de Poppe's chart review highlights Bitcoin's long-term price action, complete with overlaid moving averages that underscore potential resistance areas.

The timeframe for this anticipated rally is set at 2-3 months, positioning it as a near-term development rather than a distant event. Market participants often watch the 50-week MA because it smooths out short-term volatility and reflects broader trend momentum.

His analysis comes as Bitcoin plunges 50% despite crypto policy push and institutional adoption. BTC has reportedly lost roughly half its value since reaching a record above $126,000 in October, falling to levels last seen in September 2024 despite improving expectations around cryptocurrency regulation.

Despite Bitcoin's growing integration into traditional finance, the crypto asset has struggled to perform like the digital gold promoted by supporters during the inflationary price shock linked to the Iran war, while higher market interest rates reduced the appeal of an asset that pays no income.

Naeem Aslam of Zaye Capital Markets, in a note, attributed Bitcoin's price decline to limited liquidity and broader risk-off positioning.

Meanwhile, while the world's largest cryptocurrency has slowed after its recent surge, fresh on-chain data shows that long-term holders (LTHs) continue accumulating Bitcoin rather than distributing it into market strength.

On-chain data shows Bitcoin's 30-day EMA Long-Term Holder Supply Inflow remains firmly positive at approximately 347,700 BTC. The metric tracks Bitcoin moving into wallets historically associated with long-term investors.

As long as inflows remain positive, it indicates that experienced holders continue absorbing supply instead of selling into rallies. With Bitcoin currently trading near $65,000, reaching the $80K-$85K zone would mark a substantial gain of roughly 25-30% from present levels.

Beyond technicals and on-chain metrics, institutional confidence in Bitcoin remains largely unchanged. Blockstream CEO Adam Back recently reiterated his long-term view that Bitcoin could eventually reach $1 million, arguing that even a 2% allocation from Wall Street portfolios would fundamentally reshape demand dynamics and significantly reduce available supply.

While no forecast is guaranteed in the volatile crypto space, this technical perspective offers a clear framework for the current market structure. Investors may consider monitoring volume, overall risk sentiment, and macroeconomic factors as Bitcoin approaches these higher targets.

Outlook

Bitcoin's trajectory is likely to be shaped by a combination of technical momentum, macroeconomic developments, and institutional demand.

A sustained move above key resistance levels particularly the 50-week moving average could strengthen the bullish case outlined by Michael van de Poppe and pave the way for a test of the $80,000-$85,000 range.

However, the outlook remains dependent on broader market conditions. Any deterioration in global risk sentiment, tighter monetary policy, or unexpected regulatory developments could delay or invalidate the projected breakout.

Conversely, continued accumulation by long-term holders, increasing institutional participation, and supportive crypto policies could provide the catalysts needed for the next leg higher.