As Bitcoin Consolidates, Altcoins Set To Skyrocket After 'Very Healthy' Correction, Says Top Crypto Trader
Portfolio Pulse from Benzinga Neuro
Prominent crypto analyst Michaël van de Poppe predicts a significant surge for altcoins following a substantial market correction, while Bitcoin (BTC) consolidates. Van de Poppe cites a 'very healthy correction' and bottoming out patterns as indicators of upcoming highs for altcoins. He plans to continue investing in altcoins due to their low valuations before swapping back to Bitcoin at the end of the cycle. This bullish outlook aligns with other forecasts within the crypto community, amidst a recent 4.2% increase in the global cryptocurrency market cap to $2.55 trillion.
March 26, 2024 | 1:18 pm
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Bitcoin (BTC) is expected to consolidate while altcoins surge, according to crypto analyst Michaël van de Poppe. This follows a significant market correction and a bullish outlook for the crypto market.
The prediction by Michaël van de Poppe suggests a neutral short-term impact on Bitcoin as it consolidates during a period of altcoin growth. This consolidation phase is seen as a natural part of the market cycle, following a 'very healthy correction'. The analyst's track record and the recent market cap increase lend credibility to this forecast, though the volatile nature of cryptocurrencies adds uncertainty.
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