Renowned analyst and trader Michaël van de Poppe has identified four catalysts that could reinvigorate the crypto bull market following this week’s widespread sell-off. With a social media following of 721,400 on X, Van de Poppe suggests that if there are substantial inflows into both spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) in the coming weeks, it could ignite a crypto rally. He particularly emphasizes the importance of ETH’s performance in driving market momentum. Additionally, Van de Poppe believes that deteriorating macroeconomic conditions, such as a surge in gold prices and a weakened US dollar, could trigger rallies for risk assets like Bitcoin. Another bullish catalyst, according to the analyst, would be if crypto assets manage to reclaim key support levels, specifically highlighting ETH’s performance against Bitcoin (ETH/BTC). Lastly, Van de Poppe suggests that an announcement of a settlement agreement in the ongoing lawsuit between the US Securities and Exchange Commission (SEC) and Ripple could also have a positive impact on the markets. Despite the current correction in the crypto market, Van de Poppe remains optimistic, noting that digital assets may find a bottom at their high timeframe support levels.
