Bitcoin bull run shows limited upside, Michael van de Poppe notes

Bitcoin bull run shows limited upside, Michael van de Poppe notes
Bitcoin bull run stays shallow

Michael van de Poppe points out that the most recent Bitcoin bull run in 2024 has been notably shallow.

He notes the lack of significant upside volatility and the absence of the typical parabolic curve often observed in previous runs. According to van de Poppe, this subdued price action indicates that Bitcoin has not yet experienced the outsized gains typically associated with major bull markets.

Van de Poppe’s view on Bitcoin’s restrained momentum in this cycle is consistent with his previous observations regarding the shifting market landscape, such as when he highlighted how Bitcoin dominance faltered as the Ethereum bull market gained traction. His strategic approach to diversification, demonstrated by doubling his altcoin stake with a $10,000 investment amid market uncertainties, continues to inform his analysis of current trends.

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