Michaël van de Poppe Maps Bitcoin (BTC) to $1 Million on Five-Bottom Trendline

October 19, 2026 | COINOTAG

Analyst Michaël van de Poppe has laid out a long-cycle projection under which Bitcoin (BTC) would reach $1 million during the current market cycle, grounding the call in a comparison with the late-1990s dot-com boom.

In a post dated October 17, the trader shared a chart from Rand Group in which a trendline drawn through five prior Bitcoin market bottoms forms the basis for the projection, linking the asset's historical bottoming pattern to the trajectory of technology markets in the dot-com era.

In chart analysis, a trendline connecting successive cycle lows is read as a long-term support reference: chartists treat the structure as intact while price holds above it. How price behaves relative to that line over the rest of the cycle is one of the markers observers of this projection can track.

Van de Poppe is a Netherlands-based cryptocurrency analyst and the founder of the trading firm MN Trading. He publishes regular commentary on digital-asset markets, with a focus on long-term market structure and macro conditions.

Bitcoin, which was introduced in 2009 following the publication of its whitepaper by the pseudonymous Satoshi Nakamoto, has historically moved in multi-year boom-and-bust cycles. Observers commonly connect this rhythm to the halving schedule, under which the issuance of new coins is cut in half roughly every four years; halvings have taken place in 2012, 2016, 2020, and 2024. Whether that four-year rhythm persists as the market grows remains a recurring question among analysts, and cycle-based chart frameworks like this one are built to address it.

The dot-com reference points to the late 1990s, when equity valuations of internet companies expanded rapidly before the sector peaked and entered a multi-year downturn beginning in 2000. Analysts have periodically drawn parallels between that period and cryptocurrency markets, both of which experienced sharp appreciation followed by deep corrections.

The $1 million figure refers to the price of a single Bitcoin and represents the analyst's own projection rather than an established market forecast.

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