Crypto analyst Michael van de Poppe says Bitcoin/gold ratio is near multi-cycle lows and the Sharpe ratio mirrors 2015/2018/2022 bear-floor levels, implying undervaluation and a strong risk‑reward for long-term crypto investors; short-term dips remain possible (recent ~ $60,000 Feb pullback). Key trading levels: holding above $77,000 with $79,000 as critical resistance; a breakout targets $86,000–$95,000 and $110,000 within ~6 months, while $73,500 is the key downside support; long-range target of $150,000–$160,000 by late 2026.

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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 Watching

That’s one of the key observations from crypto analyst Michael van de Poppe, who believes Bitcoin is building toward new all-time highs before the year is out.

Van de Poppe points to the relationship between Bitcoin and gold as a telling sign. When gold rallies hard, Bitcoin often lags. But once gold peaks, Bitcoin has tended to catch up — and then some. That rotation, he argues, may already be in motion.

His 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 Watch

Bitcoin recently hit a 12-week high before pulling back. It is now working to hold above the $77,000 mark. According to van de Poppe, $79,000 is the critical resistance line.

A 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 End

The 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

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