Michaël van de Poppe just dropped a bomb on crypto Twitter.

The veteran analyst thinks Bitcoin is headed to $250K this cycle – a monster 195% rally from current prices.

Meanwhile, the rest of the market is busy panic-selling because BTC dipped below $85K.

Why He's So Bullish

Van de Poppe isn't buying the "cycle top" narrative one bit.

"I don't think that the cycle is over. I think it barely started, even the hype on Bitcoin wasn't anywhere near euphoria," he told his followers yesterday.

He's convinced we haven't seen anything close to peak retail FOMO yet.

The lack of Uber drivers giving crypto tips and the mainstream media obsession tells him we're still early.

2017 Flashbacks

Remember the last bull run in 2017, where Bitcoin had multiple 30%+ corrections before finally hitting that cycle's ATH?

That precedent matters, and it’s partially why Van de Poppe calls the recent 25% pullback "a normal correction, nothing strange, nothing to worry."

For veteran hodlers, this is just another day in crypto – but for new blood, it feels like the end of the world.

So what could trigger the next leg up?

According to van de Poppe, March could be explosive if BTC reclaims $89K as support on the weekly chart.

That level needs to hold for his bullish scenario to play out.

We're only $5K away from that crucial inflection point, making the next few weeks potentially decisive.

Fear Is Everywhere

But the reality on the ground says that market sentiment couldn't be more bearish right now.

The Fear & Greed index sits at a dismal 10, deep in "Extreme Fear" territory, and Bitcoin just had its worst February in 11 years, closing down 17.39% for the month.

And this is exactly when contrarian investors like van de Poppe start getting excited about loading up.

While he’s excited, not all analysts are calling for $250K Bitcoin – some more conservative predictions put BTC between $100K and $112K by year-end.

Others see a more modest target of $123,945 by late March 2025.

But van de Poppe has built his reputation on making calls that initially seem outlandish until they aren't.

Poppeing Off Sooner Rather Than Later? 

Just remember that even if van de Poppe is only half right, we're still looking at a significant upside from here.

The $89K level he mentioned is your line in the sand – watch it closely over the coming weeks.

History says that buying during "extreme fear" while others panic has been one of the most profitable strategies in crypto, so keep some dry powder on the sidelines nad hold on to your hats.