{"id":49209,"date":"2026-07-14T15:10:09","date_gmt":"2026-07-14T15:10:09","guid":{"rendered":"https:\/\/speedinet.co.za\/?p=49209"},"modified":"2026-07-14T15:10:09","modified_gmt":"2026-07-14T15:10:09","slug":"michael-van-de-poppe-says-bitcoin-will-hit-70k-in-two-weeks","status":"publish","type":"post","link":"https:\/\/speedinet.co.za\/?p=49209","title":{"rendered":"Michael van de Poppe Says Bitcoin Will Hit $70K in Two Weeks"},"content":{"rendered":"
\n

Bitcoin just clawed back above $64,000 after one of its ugliest quarters in recent memory \u2014 and one of the most-followed analysts in crypto thinks $70,000 is within reach. Here\u2019s what the data actually supports and where the prediction falls apart.<\/span><\/p>\n

Van de Poppe\u2019s $70K Call<\/b><\/h2>\n

Michael van de Poppe, a Dutch crypto analyst with a following of over 700,000 on X,<\/span> posted on July 10<\/span> that Bitcoin is showing increasing strength. His view is straightforward: BTC has bounced from a descending trendline and is trying to reclaim the 100-day moving average, all while holding above the $60,876 support zone.<\/span><\/p>\n

\"Bitcoin<\/p>\n

The key hurdle? Turning $64,000 into support. If buyers can hold that level, van de Poppe argues BTC could quickly challenge the $65,543 resistance before making a run at $70,000. That\u2019s roughly a 9% move from where it\u2019s trading now \u2014 ambitious, but not unreasonable given the recent momentum shift.<\/span><\/p>\n

It\u2019s worth noting that van de Poppe\u2019s track record in 2026 has been mixed. He projected BTC reaching<\/span> $85,000\u2013$88,000 in May<\/span>, which didn\u2019t pan out. The coin peaked near $80,000 before rolling over into a<\/span> bruising slide through June<\/span>. So while his technical reads often capture short-term direction, the specific targets haven\u2019t always landed.<\/span><\/p>\n

On-Chain Data Backs the Bulls \u2014 For Now<\/b><\/h2>\n

The more compelling evidence comes not from any single analyst but from the blockchain itself. CryptoQuant analyst Axel Adler Jr. pointed to the Short-Term Holder Realized Pressure Model, which tracks buying versus selling activity among newer Bitcoin holders. The reading shows buying pressure around 30%, compared to roughly 22% selling pressure.<\/span><\/p>\n

\"Short-Term<\/p>\n

That\u2019s a meaningful gap. It tells us that the people who bought Bitcoin in recent months \u2014 the ones most likely to panic-sell during a crash \u2014 are instead adding to their positions. Short-term holders are buying the dip, which mirrors what happened during earlier 2026 recoveries before prices moved higher.<\/span><\/p>\n

There\u2019s a new support zone forming around $63,600, created by those fresh buyers sitting in small profits. That floor matters. If it holds, it adds a structural bid underneath the<\/span> current Bitcoin price recovery<\/span> that goes beyond just technical chart patterns.<\/span><\/p>\n

The Strategy Sell-Off Didn\u2019t Break Anything<\/b><\/h2>\n

One of the biggest fear triggers in early July was Strategy\u2019s record $216 million Bitcoin sale. Michael Saylor\u2019s company<\/span> dumped 3,588 coins<\/span> at roughly $60,000 each \u2014 well below its $75,476 average cost. The market dipped 1\u20132%, then recovered. When the biggest corporate BTC holder locks in losses, and the price doesn\u2019t collapse, it suggests sellers are running out of ammo.<\/span><\/p>\n

Still, Strategy has authorized up to $1.25 billion in additional sales \u2014 an overhang anyone tracking BTC needs to keep in mind.<\/span><\/p>\n

ETF Flows Just Flipped<\/b><\/h2>\n

U.S. spot Bitcoin ETFs endured 10 consecutive days of outflows totaling $2.73 billion, with June alone losing roughly $4.5 billion \u2014 the worst month on record. Then, the bleeding stopped. Over three sessions in early July, spot Bitcoin ETFs pulled in $510 million in fresh inflows, with BlackRock\u2019s IBIT leading one session at $209 million.<\/span><\/p>\n

\"Total<\/p>\n

Research from 2026 estimates ETF flows now explain approximately 45% of weekly Bitcoin price moves. That makes this reversal structural, not just sentimental \u2014 authorized participants must physically buy BTC to mint new ETF shares, creating real spot demand. Year-to-date outflows remain steep at $5.4 billion, though. A sustained inflow trend \u2014 not a three-day blip \u2014 is what would confirm a durable recovery.<\/span><\/p>\n

What Could Kill the $70K Rally?<\/b><\/h2>\n

The CPI print on July 14<\/b> is the single most important near-term catalyst. A hot reading could swing<\/span> Fed rate hike expectations<\/span> upward and kill the rally. A softer number gives crypto room to run.<\/span><\/p>\n

Geopolitical escalation<\/b> remains a persistent drag. The U.S.\u2013Iran conflict briefly knocked BTC below $62,000 in early July, and any Strait of Hormuz escalation could trigger another risk-off wave.<\/span><\/p>\n

Capital rotation into AI<\/b> is the under-discussed headwind. Digital assets posted a third consecutive quarterly loss in Q2, the longest losing streak since 2022, partly because institutional money keeps flowing into chipmakers and AI listings rather than digital asset markets.<\/span><\/p>\n

Conclusion<\/b><\/h2>\n

Van de Poppe\u2019s $70K call isn\u2019t reckless \u2014 it\u2019s conditional. If BTC holds $64K, if ETF inflows sustain, if the CPI print cooperates, $70,000 is realistic. That\u2019s a lot of ifs, but the on-chain data is cooperating in a way it hasn\u2019t since early May.<\/span><\/p>\n

We\u2019re watching whether this rally has legs past $65,543 \u2014 where the 100-day moving average sits. Breaking through would mark the first higher high since the bear market began. Standard Chartered recently<\/span> called $59K the cycle bottom<\/span> and reaffirmed a $100K year-end target. If they\u2019re right, $70K is a stop along the way, not the destination.<\/span><\/p>\n

But 2026 has punished optimism. BTC is still down 50% from its October 2025 all-time high. The smart play is to watch the levels, track the flows, and let the data lead \u2014 not the headlines.<\/span><\/p>\n

FAQs<\/b><\/h2>\n

What is Bitcoin\u2019s all-time high?\u00a0<\/b><\/h3>\n

Bitcoin hit approximately $126,000 on October 6, 2025. It has since dropped over 50%, driven by<\/span> record ETF outflows<\/span>, Fed uncertainty, and Middle East tensions. The current price near $64,000 marks one of its steepest drawdowns since the 2022 bear market.<\/span><\/p>\n

How do spot Bitcoin ETFs affect the price?\u00a0<\/b><\/h3>\n

Authorized participants must buy or sell actual BTC when creating or redeeming ETF shares, directly moving the spot price. Research estimates these ETF flow mechanics now explain roughly 45% of weekly Bitcoin price movements \u2014 making them a key structural driver.<\/span><\/p>\n

Who is Michael van de Poppe?\u00a0<\/b><\/h3>\n

A Dutch economist and founder of MN Trading and MN Capital, van de Poppe has been a full-time crypto market analyst since 2018. He\u2019s known for technical analysis on X, where he has over 700,000 followers.<\/span><\/p>\n

What caused Bitcoin\u2019s 2026 crash?\u00a0<\/b><\/h3>\n

The U.S.\u2013Iran conflict triggered a global selloff; the Fed held rates at 3.50\u20133.75% with hawkish guidance; and<\/span> institutional capital rotated<\/span> into AI equities, draining billions from Bitcoin ETF products.<\/span><\/p>\n

Is Bitcoin still a good investment in 2026?\u00a0<\/b><\/h3>\n

That depends on your timeline and risk tolerance. Bitcoin has recovered from every past bear market, but some analysts see a bear market bottom near $59K while others project further downside to $44K\u2013$46K. Past performance doesn\u2019t guarantee future results.<\/span><\/p>\n

The post Michael van de Poppe Says Bitcoin Will Hit $70K in Two Weeks appeared first on Memeburn.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin just clawed back above $64,000 after one of its ugliest quarters in recent memory \u2014 and one of the most-followed analysts in crypto thinks $70,000 is within reach. Here\u2019s what the data actually supports and where the prediction falls apart. Van de Poppe\u2019s $70K Call Michael van de Poppe, a Dutch crypto analyst with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[622,16],"tags":[],"class_list":["post-49209","post","type-post","status-publish","format-standard","hentry","category-crypto-news","category-news"],"_links":{"self":[{"href":"https:\/\/speedinet.co.za\/index.php?rest_route=\/wp\/v2\/posts\/49209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/speedinet.co.za\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/speedinet.co.za\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/speedinet.co.za\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/speedinet.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49209"}],"version-history":[{"count":0,"href":"https:\/\/speedinet.co.za\/index.php?rest_route=\/wp\/v2\/posts\/49209\/revisions"}],"wp:attachment":[{"href":"https:\/\/speedinet.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/speedinet.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/speedinet.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}