Bitcoin doesn't need a catalyst to return to $100,000, says analyst

Bitcoin has been unable to return above $100,000 for five months, and analysts are divided on what exactly could push it there. Michael van de Poppe, founder of MN Trading Capital, believes no catalyst is needed.

"There's no need for a narrative to push the price up," he wrote on social media. "The price moves up, and the narrative creates itself." According to him, mathematics, statistics, and logic are sufficient for success, and Bitcoin's current levels are still suitable for accumulation.

Van de Poppe also noted that market interest has noticeably shifted in recent months: artificial intelligence and related technology segments have taken a significant share of attention from cryptocurrencies. A telling comparison: since the beginning of the year, shares of Nvidia (NVDA)—the largest AI company by market cap—have risen by 5.08%, while Bitcoin has lost around 10% over the same period.

White House cryptocurrency adviser Patrick Witt said this week at the Bitcoin Conference in Las Vegas that a "big announcement" regarding President Trump's Bitcoin reserve is expected in the coming weeks. Details have not yet been disclosed.

AI Opinion
Historical analysis reveals a curious paradox of the current moment. For the first time in its history, Bitcoin has ended the year following the halving with a loss, breaking a four-year cycle that had existed for more than a decade. In other words, the market has found itself in a completely new place: the old navigational charts no longer apply, and the new ones have not yet been drawn. It is under these conditions that the thesis of a “self-generating narrative” sounds especially bold—history knows of no precedents for Bitcoin to recover to six-digit values ​​without the support of a recognizable cycle.
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