Bitcoin was down on Friday, Apr. 11 by more than 25% from its historic record high price of $109,000 at the time of Trump\u2019s inauguration on Jan. 20th.<\/p>\n
But MN Fund founder and manager Micha\u00ebl van de Poppe recently compared the situation with BTC prices to the global financial dump and pump during the worst of the coronavirus pandemic in 2020.<\/p>\n
\u201cThe markets kind of remind me of the COVID crash,\u201d van de Poppe wrote in an X post timestamped Apr. 8.<\/p>\n
\u201cMassive dump and after that we\u2019ve actually been quickly jumping back up with #Bitcoin, resulting into an 18-month bull market,\u2019 he added.<\/p>\n
The markets kind of remind me of the COVID crash.<\/p>\n
Massive dump, and after that we\u2019ve actually been quickly jumping back up with #Bitcoin<\/a>, resulting into an 18-month bull market.<\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) April 8, 2025<\/a><\/p>\n\n A commenter in the reply thread agreed, remarking, \u201cThe parallels are striking. After a sharp correction, Bitcoin\u2019s resilience could set the stage for another significant bull run.\u201d<\/p>\n In addition, van de Poppe wrote, \u201cIt\u2019s not at [sic] matter of speculation where the markets will be at tomorrow. It\u2019s rather a case of 6 months from now and build your investment thesis around it.\u201d<\/p>\n Bitcoin prices exhibit a strong historical trend of appreciating over many 6-month periods and delivering markedly higher returns on investment than average US stock returns.<\/p>\n \u201cIf this correction is comparable to March \u201920, then we\u2019re about to witness a strong upwards run on #Bitcoin and #Altcoins,\u201d the crypto fund manager added.<\/p>\n It\u2019s not at matter of speculation where the markets will be at tomorrow.<\/p>\n It\u2019s rather a case of 6-months from now and build your investment thesis around it.<\/p>\n If this correction is comparable to March \u201920, then we\u2019re about to witness a strong upwards run on #Bitcoin<\/a> and\u2026<\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) April 8, 2025<\/a><\/p>\n\n A day earlier, van de Poppe spotted a channel upward for BTC, writing:<\/p>\n \u201cBitcoin attacking $80,000 is a strong sign.\u201d<\/p>\n He added:<\/p>\n \u201cI don\u2019t know whether we\u2019ll be having another drop or whether we\u2019ve seen it all. However, with the amount of liquidity being added, 6 & 12 months from now prices will be substantially higher.\u201d<\/p>\n #Bitcoin<\/a> attacking $80,000 is a strong sign.<\/p>\n I don\u2019t know whether we\u2019ll be having another drop or whether we\u2019ve seen it all.<\/p>\n However, with the amount of liquidity being added, 6 & 12 months from now prices will be substantially higher.<\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) April 8, 2025<\/a><\/p>\n\n With Bitcoin\u2019s price<\/a> trading back above $83,000 within 48 hours of this note on Apr. 11, and finding support on retests at the $78,700 and $79,000 levels on Apr. 10, these remarks are beginning to ring true.<\/p>\n The post Crypto Fund Manager Spots Repeat of 2020 Bear Trap in Bitcoin\u2019s Price<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin was down on Friday, Apr. 11 by more than 25% from its historic record high price of $109,000 at the time of Trump\u2019s inauguration on Jan. 20th. But MN Fund founder and manager Micha\u00ebl van de Poppe recently compared the situation with BTC prices to the global financial dump and pump during the worst […]<\/p>\n","protected":false},"author":0,"featured_media":58931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58930"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58930"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/58931"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Price Bullish Trend Channel<\/h2>\n