Bitcoin (CRYPTO: BTC) tapped $81,000 on Tuesday morning as several indicators signal a buying opportunity, according to crypto analyst Michaël van de Poppe.

The Q4 2022 Parallel

Van de Poppe noted that the current perpetual funding rate remains negative at 5% annualized, meaning shorts are paying longs. This doesn’t happen often, and quite often there’s a strong rally afterward.

“Bitcoin is at its capitulation point,” van de Poppe posted. “That also resonates with the current market sentiment, where nobody is interested in buying into this asset class. That’s usually the best moment to be doing so,” he added.

The Short Squeeze Setup

Van de Poppe explained that there are not…

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