Bitcoin: Van de Poppe Targets $500K Cycle Peak

Michaël van de Poppe dismissed the diminishing returns thesis for Bitcoin, arguing the asset sits on the cusp of its largest adoption wave yet and will track gold’s record breakout higher to a cycle peak above $500,000 rather than stalling at $320,000.

Price action on the 4h chart shows BTC at $63943.77 testing the lower Bollinger support band near $64310.43 while the EMA50 at $64534.13 caps upside and the EMA200 at $63773.24 offers nearby structural support; the MACD death cross at 34.08 keeps the short-term bias bearish even as RSI at 35.85 remains neutral, suggesting any bounce toward upper resistance at $65524.39 will likely stall before a deeper retest of the 200-EMA confluence.