Despite the ongoing buzz around Bitcoin's price, market analyst Michael Van De Poppe foresees a possible downturn, suggesting Bitcoin could dip to $54,000. At present, Bitcoin is encountering resistance at $61,300 and finding support at $60,208, with trading volume dwindling by 13.46%, signaling a bearish sentiment.

Data from Santiment also indicates a significant decrease in Bitcoin's on-chain activity, nearing record lows in the last two months. These trends hint that investors are holding off on making moves until clearer signals emerge.

Van de Poppe notes a correction in the crypto market, with altcoins experiencing notable losses while traditional assets like stocks and gold thrive. Bitcoin itself has seen a significant correction, dropping to $60K, marking its largest decline in the current bull cycle. This discrepancy in performance prompts Van de Poppe to reconsider his approach.

Interestingly, Van de Poppe's strategy involves focusing on altcoins, driven by his high-risk appetite and market cycle experience. He sees now as a prime opportunity to invest in altcoins before Bitcoin's next surge.

He reveals his Bitcoin strategy, aiming to acquire more Bitcoin by reinvesting in low-cap altcoins. He analyzes market cycles to maximize Bitcoin holdings and navigate market downturns, recommending trading altcoins to gain more Bitcoin, considering their market cap.

Van de Poppe closely monitors Bitcoin's value compared to other cryptocurrencies. Anticipating a prolonged correction period for Bitcoin, he suggests reallocating assets to altcoins, particularly Ethereum, ahead of potential positive catalysts like an Ethereum exchange-traded fund (ETF). He emphasizes Ethereum's role as a leading indicator of altcoin performance and suggests that a reversal in Ethereum's price could trigger a broader rally in the altcoin market.

He sells some altcoins when their value rises to acquire more Bitcoin, steadily growing his Bitcoin stash over time.

In conclusion, Van de Poppe advises investors to keep a close eye on Bitcoin's price levels and trading volume to gauge market sentiment. He anticipates a potential final drop before a rebound, echoing his prediction of a 'final wash' scenario, which could temporarily lower Bitcoin's value before it bounces back.