Analyst Michaël van de Poppe believes that Bitcoin’s push toward $80K and rising liquidity could drive prices significantly higher over the next 6–12 months.

Over the past week, Bitcoin’s price has fluctuated sharply, falling from recent highs and sparking renewed attention from market participants. 

Specifically, a notable drop occurred on April 7, when Bitcoin plunged from $87,000 to below $75,000 before showing signs of recovery. By April 8, Bitcoin briefly touched $80,000 before retracing again.

Notably, the recovery near the $80,000 mark drew attention from analysts. According to Michaël van de Poppe on X, Bitcoin reaching this resistance level points to strong market momentum. 

While uncertainty remains over future short-term moves, he acknowledged that ongoing liquidity inflows could influence higher price levels in the coming months.

#Bitcoin attacking $80,000 is a strong sign.

I don’t know whether we’ll be having another drop or whether we’ve seen it all.

However, with the amount of liquidity being added, 6 & 12 months from now prices will be substantially higher.

— Michaël van de Poppe (@CryptoMichNL) April 8, 2025

Responses to van de Poppe’s post on X have been varied. One commenter referred to the short-term market as “choppy waters” but expressed a bullish outlook for the mid- to long-term future.

Another commenter disagreed, forecasting a significant price drop in the near future. A third observer noted that rising liquidity often benefits assets with limited supply, observing that Bitcoin once again exemplified this trend.

Network Activity Points to Interest in Bitcoin

Meanwhile, data from IntoTheBlock highlighted key indicators of rising network engagement. The number of new Bitcoin addresses grew by 6.66% over the past seven days, signaling consistent user interest. 

In the same period, active addresses increased by 0.23%, reinforcing the indication of sustained usage. However, zero-balance addresses—wallets that currently hold no Bitcoin—saw a drop of 9.05%. 

Large Holders Are Accumulating

In a separate IntoTheBlock chart tracking whale activity, inflows to large holders surged dramatically. Over the past seven days, inflows rose by 1,018%, signaling a sharp uptick in institutional or whale accumulation. 

This short-term spike aligns with a broader trend; inflows over the last 30 days rose by 195.17%, while 90-day inflows increased by 219.21%. These inflow levels suggest sustained interest among large holders, often viewed as a proxy for institutional confidence. Such activity may be contributing to price stabilization despite recent volatility.