Crypto analyst Michaël van de Poppe believes Bitcoin is offering one of its better entry points of the year, and he is making the case by comparing it directly with gold.
Crypto analyst Michaël van de Poppe believes Bitcoin is offering one of its better entry points of the year, and he is making the case by comparing it directly with gold.
His argument rests on long-term return data and a sentiment picture he described as close to the worst it can get. BTC slipped below $80,000 last week after a rejection near $84,900. Van de Poppe sees that drop as an opportunity rather than a warning.
The analyst pointed to a widely shared returns table from Creative Planning’s Charlie Bilello, built on YCharts data as of October 23, 2026. It shows Bitcoin returning 120.6% on an annualized basis since 2011. Gold managed 6.3% a year over the same stretch.
Gold had a huge 2025, climbing 63.7% and finishing at the top of the asset class table. Van de Poppe noted that the long-run gap remains huge even after that rally. In cumulative terms, the table puts the gain for Bitcoin since 2011 at more than 27 million percent, against 164% for gold.
“That’s why you’ll bet big on Bitcoin when it’s undervalued against Gold,” he wrote on X. He further laid out a rotation plan,
“That’s why now is the time to be accumulating more Bitcoin, and rotate that later towards Gold, in 1-2 years, when Gold is done with its correction.”
Both assets have struggled this year. Gold is down 7.5% year to date and Bitcoin is down 7.3%, which leaves the pair at the bottom of the 2026 table while commodities lead with a 52.5% gain. Van de Poppe expects Bitcoin to recover first and gold to need more time to finish its pullback.
Bitcoin rallied toward $84,900 on October 22 before sellers stepped in. The drop pushed BTC under $82,000 and then below $80,000. The price even hit roughly $79,220.
Volume spiked during the sell-off on October 22 and again on October 24. Trading activity has cooled since then, and the price has moved sideways near the $80,000 level. BTC was trading around $80,278 on the 1-hour chart at the time of writing.
Van de Poppe says the current structure looks familiar. “The price action of Bitcoin is pretty much a copy/paste of the previous month’s action,” he wrote. “Liquidity beneath the low has been taken and it’s consolidating around that area.”
The short-term chart still leans bearish. A series of lower highs followed the October 22 peak. This suggests sellers have kept control of the near-term trend.
Immediate support sits between $79,200 and $80,000. The $80,000 level also works as a psychological line. Resistance stands at $81,000 to $82,000, and a clean break above $82,000 would put $83,000 in view.
The indicators look mixed. The RSI on the 1-hour chart sits between 47 and 52, roughly neutral, with neither side holding a clear edge. It has climbed off its sell-off lows but has not pushed firmly above 50. The MACD line has crossed above the signal line, and the histogram has turned positive.
Van de Poppe’s roadmap starts with a quick bounce. He wants to see $81,000 reclaimed and a higher high printed on the chart. He said,
“Once that happens, we’re likely going to see a strong push upwards to new highs, as there’s a lot of short side liquidity ready to be taken.”
If Bitcoin holds above $79,200 and clears the $81,000 to $82,000 zone, a run toward $83,000 looks reasonable.
A break below $79,200 would hand control back to sellers and expose BTC to another leg lower. For now, Bitcoin is trying to stabilize near $80,000.
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