Analyst Says Quantitative Tightening Has Ended, Sees Bitcoin Poised for Rally Echoing 2019 Pattern

Merlijn The Trader stated on X that quantitative tightening has "just ended" and compared the current macro setup for bitcoin to 2019, when a similar Federal Reserve pivot was followed by a BTC rally from about $3,000 to $69,000. He argued that if bitcoin holds $70,000 the "rally begins", while a drop below $60,000 would prolong the accumulation phase, and calculated that a 2,200% surge from current levels would imply a price above $1.6 million per BTC. In a separate post, he said BTC has exited its accumulation phase and entered a second stage of "manipulation", with phase three being distribution into six-digit prices, flagging $65,000 as the "last stop before the final phase". Another analyst, Michaël van de Poppe, commented as BTC touched $71,000 that he expects $75,000 and potentially $80,000 this month, while emphasizing this is not a V-shape recovery but a mean-reversion bounce on higher timeframes and suggesting altcoins could outperform during this period.