Altcoin Rally Coming: Michael Van De Poppe Predicts Crypto Market Boom
• Crypto analyst Michaël van de Poppe predicts that a Bitcoin breakout above $30,000 could lead to an altcoin rally in the coming days.
• Van de Poppe believes that altcoins are nearing a potential bottom, with a weekly bullish divergence in sight.
• He advises traders to start accumulating their positions now as Bitcoin pairs are undervalued compared to Bitcoin’s price.
Altcoin Rally Coming Soon?
Cryptocurrency analyst Michaël van de Poppe has predicted that a Bitcoin breakout above $30,000 could lead to an altcoin rally in the coming days. According to van de Poppe, altcoins are nearing a potential bottom, with a weekly bullish divergence in sight.
Bitcoin Nears $30K Breakout
Van de Poppe mentioned that Bitcoin is currently trading around $27,150 and has shown great response after reaching $27,400. He suggests traders to keep an eye on the $26,800 level as an entry point and flip the $27,800 support for confirmation of trend reversal. Additionally, he said that breaking past the $29,200 level will be essential before new highs can be achieved.
Start Accumulating Altcoins Now
In his recent YouTube update for his 163k subscribers ,van de Poppe stated that altcoin dominance is largely dependent on what Bitcoin does next and advised traders to start accumulating now and potentially sell in 1-2 years time frame .He further added that there may be one more correction post the break out of the 30K level ,bringing them into 42K -45K region ,which is why he suggests traders to start accumulating their positions now while bitcoin pairs are undervalued compared to bitcoin’s price .
Overall ,crypto analyst Michaël van de Poppe predicts good things ahead for both cryptocurrency markets if Bitcoin breaks through the 30K barrier .He encourages investors to start accumulating their positions now as bitcoin pairs have become undervalued compared to bitcoin’s prices which may result in greater profits when they do eventually sell their position .
It is important for crypto investors and traders alike to pay close attention market movements and make sure they always do their own research before investing or trading any asset .