The Strait of Hormuz remains closed, but upcoming earnings reports set to be released this week are lending support to crypto markets through the stock exchange. Bitcoin is hovering just below $78,000, while Ether is holding above the $2,300 level. Analyst Michael Poppe noted that a critical accumulation trigger has now been reached, marking what he sees as the point of no return.
BTC rebounds from major lows
After testing the $60,000 support, BTC moved away from its past all-time high region and now appears to be distancing itself from previous lows, similar to the rebound seen in 2022. If Bitcoin does not return to these lower levels, some believe this could signal the end of the bear market. Poppe shared a chart that has provided reliable signals in the past and stated, “it’s done.”
Michael Poppe pointed out, “Bitcoin has reached the ultimate accumulation trigger in this cycle. It rarely reaches this trigger, but when it does, it presents a once-in-a-generation opportunity. In previous cycles, these levels marked the true bear market bottoms. After 2018: +400% in 2 years. After 2020: +1300% in 2 years. After 2022: +400% in 2 years. It seems likely the same pattern will repeat this cycle, but at the time of greatest opportunity, hardly anyone seems interested in the asset. On the next bear market bottom, we’ll see this signal flash again, likely around $150,000–$200,000.”
Crypto investors feeling the strain
With renewed geopolitical tensions, especially around Iran, adding to existing tariff worries, investors are feeling increasingly worn out. For the past year and a half, alternating waves of good and bad news have driven erratic market swings, leaving many fatigued by the volatility. For a real turnaround, the market needs extraordinary rallies to break this cycle of monotony and renew excitement.
Open interest in futures markets is climbing. Despite ETF inflows and Michael Saylor’s continued enthusiasm, on-chain demand remains flat and negative. The CEO of CryptoQuant remarked that a true market recovery depends on the spot and futures sides improving together.
Sherpa, a widely followed analyst, echoed the prevailing lack of confidence in a recent assessment, advising investors not to rush into the market.
Sherpa commented, “BTC’s price action on lower timeframes has been pretty dull, and I believe the recent breakout was a fake that caught many people off guard due to conflicting headlines. The market remains highly volatile, and I do not expect to see a true bull run in most altcoins until we witness a genuine breakout candle.”
