
Bitcoin Traders Step Back In After Longest Deleveraging Since 2022
Bitcoin traders are coming back after an eight-month deleveraging phase, signaling renewed risk appetite.

Bitcoin could reach $80,000 to $85,000 by the end of April, according to analyst Michael Van de Poppe. This prediction follows a recent 5% increase in Bitcoin's price amid a recovering global market.
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Ethereum has already shown the way. While Bitcoin climbed roughly 5% in a single day, Ether moved more than 8% — outpacing it by a factor of nearly 1.4. That gap, according to one analyst, is a preview of what the broader crypto market could do if Bitcoin keeps climbing through the rest of April.
Michael Van de Poppe, founder of MN Fund and a widely followed market analyst, says Bitcoin has a clear path to the $80,000–$85,000 range before the month closes out.
He made the call on X this week, pointing to a recovering global market as the main force behind the expected move. Bitcoin was trading around $74,500 at the time of his post, up more than 5% in 24 hours, with trading volume jumping over 90% over the same period.
#Bitcoin aims to attack the highs and is consolidating around $75K.
If it blasts through $75K with volume, we’ll be in for $80-85K this month, as that’s where the higher timeframe resistances are.
Yesterday I’ve made an analysis with several scenarios that I’m looking for.… pic.twitter.com/zq47n6NhXk
— Michaël van de Poppe (@CryptoMichNL) April 14, 2026

The $85,000 target would mark a return to price levels Bitcoin last visited in late January, when it slipped from around $89,000 down to $84,600. Getting back there would represent a gain of nearly 14% from where it stood when Van de Poppe made his call.
One level matters more than the rest right now: $75,000. According to Van de Poppe, breaking through that resistance with strong volume behind it sets the stage for the run to $80,000–$85,000 — where heavier selling pressure from longer-term chart history tends to sit. Bitcoin had already pushed past $75,000 by the time the analysis circulated.
The analyst predicts Bitcoin could reach between $80,000 and $85,000 by the end of April.
A recovering global market and increased trading volume are contributing to Bitcoin's potential price increase.
Bitcoin's price recently increased by approximately 5% in a single day.

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BTCUSD trading at $74,294 on the 24-hour chart: TradingView
Van de Poppe also outlined what could keep the bullish scenario alive even if prices pull back. Based on his analysis, as long as Bitcoin holds above $72,000, there is better than a 70% chance it trades above $80,000 before April ends. That support zone acts as a line in the sand. A drop below it would likely change the picture.
The backdrop helping Bitcoin here is broader than crypto. Global markets have been stabilizing after weeks of pressure tied to geopolitical tensions, and Bitcoin has moved in step with that recovery.
Van de Poppe’s bigger claim may be the one about altcoins. He sees them moving at two to three times Bitcoin’s rate — meaning if Bitcoin gains 10%, altcoins could rise 20% to 30% or more.
Reports indicate that this pattern tends to follow a predictable path. Capital flows into Bitcoin first, then into large-cap coins, and eventually rotates into smaller altcoins.
Featured image from Meta, chart from TradingView