Crypto strategist Michaël van de Poppe believes that Bitcoin is close to reaching the bottom of its current market correction. He suggests that Bitcoin's recent move below $90,000 is a strategy to tap into resting buy orders before starting the next leg up. Van de Poppe predicts that the ultimate bottom case for Bitcoin could be between $83,000 and $87,000. Despite the bearish sentiment, he remains bullish on the altcoin market, particularly if the altcoin market capitalization stays above $750 billion. At the time of writing, Bitcoin is trading at $88,118 and the altcoin market capitalization is at $816.26 billion.



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