Michaël van de Poppe: Bitcoin Undervalued as Cycle Lags

Michaël van de Poppe posted that Bitcoin sits extremely undervalued and that the prior bull cycle failed to deliver upward momentum matching earlier parabolic runs, leading him to dismiss the diminishing returns narrative that still guides many participants.

Price trades at $80950.26 inside the Bollinger Bands with the lower support at $80448.93 and upper resistance at $84123.3. The structure remains bearish as price sits below both the EMA50 at $82753.98 and EMA200 at $82202.47, while the MACD death cross at -374.85 confirms trend weakness and RSI at 38.64 shows neutral momentum without oversold conditions. Confluence points to a likely test of the lower band support before any sustained attempt to reclaim the EMA50 resistance.