Bitcoin’s valuation against gold has dropped to one of its lowest levels on record — a signal that, historically, has shown up near major market bottoms.
A Pattern Worth WatchingHis broader case rests on more than just one metric. The Sharpe ratio — a measure of return relative to risk — is currently sitting at levels that mirror past bear market floors: 2015, 2018, and 2022.
Each of those periods was followed by significant price recoveries. Based on that pattern, van de Poppe believes Bitcoin is undervalued right now and offers a strong risk-reward setup for long-term investors.
Short-term dips, he said, remain possible. But the overall structure of the market, in his view, points higher.
Key Price Levels To WatchA clean break above it would open the door to a move between $86,000 and $95,000. From there, $110,000 becomes the next target over a six-month window.
On the downside, $73,500 is the level to watch. If that support holds, the uptrend stays intact. If it breaks, a deeper retest could come before any renewed push higher.
Data shows that Bitcoin dropped close to $60,000 back in February before snapping back sharply — a move that caught many traders off guard. That kind of recovery against bearish sentiment is not unusual in past cycles, reports note.
A Big Target For Year’s EndThe long-range call is the one drawing the most attention. Van de Poppe sees Bitcoin reaching between $150,000 and $160,000 by late 2026 — a level that would represent new all-time high territory.
He bases that projection on historical cycle behavior, which has shown 30% to 50% gains within three months of a confirmed low.
Whether that bottom is already in remains an open question. But for van de Poppe, the signals are stacking up in one direction.
Featured image from Unsplash, chart from TradingView
