Does the Bitcoin rally end here? What on-chain data is saying

Crypto analyst Michaël van de Poppe has just released a prediction that’s dividing opinions in the crypto community. He claims Bitcoin has hit its 20-day EMA and that this could be a precursor to a significant correction. But before you panic, let’s break down what this really means.

The Trap of Technical Analysis

Van de Poppe argues that if BTC doesn’t break above $112,000, we could see a sharp decline that opens the door for altcoins. The reasoning is simple: when Bitcoin weakens, capital tends to flow into higher-risk projects seeking bigger multipliers. It’s market math.

But here’s the interesting part: the Federal Reserve has a meeting scheduled for September 17 to discuss interest rates. Historically, these events are game-changers for markets. A rate cut could trigger a defensive rally in crypto, especially in major projects.

The Ethereum Case

The story repeats with ETH. If it doesn’t break above its 20-week EMA, the analyst sees a potential fall below $4,000. That level could be a juicy entry point for accumulators, as ETH might then surge toward new all-time highs.

What Really Matters

The question isn’t whether prices will go up or down, but when. On-chain data suggests whales are still accumulating at these levels, which partly contradicts the panic narrative. Next week will be decisive.

Your move? Wait for a confirmed breakout or stay on the sidelines until uncertainty clears.