MN Trading founder Michaël van de Poppe wrote on X: "Bitcoin is not absorbing liquidity, but is following this plan. I expect it to fall to around $57,000 and then find support in that range and continue to rise. Gold is hitting all-time highs, and Bitcoin is expected to follow that path, possibly hitting a new high in October. " Yesterday, Poppe said: "A looming surge in global liquidity, fuelled by debt refinancing, could trigger the next bitcoin bull market. Cryptoassets and commodities remain'hugely undervalued ', with the last time commodities were valued at similar levels in 2000 and 1971. Commodities are likely to enter a decade-long bull market. I expect a lot of upside in both asset classes."