Altcoins
“Change your life with crypto”: With Bitcoin (BTC) on the rise, an analyst breaks down the Altcoin markets
A widely followed crypto analyst believes digital assets are on the brink of a prosperous new era.
Crypto trader Michaël van de Poppe tell his 718,500 followers on social media platform X that better times are ahead for the markets.
“This could be the last easy rally to change your life with crypto.
If you survived this fix and are still here, congratulations.
The coming period is going to be great.
With Bitcoin (BTC) up 10% last week, Van de Poppe said that the $61,000 price zone has become the support for BTC’s next rally.
“The crucial level shifted for Bitcoin between $60,500 and $61,000.
It is likely that the momentum will continue from here and the trend will reverse.
In response, altcoins are rising significantly as confidence returns.
Source: Michaël van de Poppe/X
BTC is worth $67,276 at the time of writing, up 2.5% on the day.
As altcoin markets follow Bitcoin’s lead, analyst points out a notable exception: the leading altcoin by market capitalization, Ethereum (ETH).
“Altcoins are already waking up, the only one missing is ETH.
We are on the verge of a reversal here as the dominance chart faces higher time resistance + several major events are brewing for Ethereum with the exchange traded fund and lawsuits.
Source: Michaël van de Poppe/X
ETH is trading at $3,111 at the time of writing, up 5.5% in the last 24 hours.
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Featured image: Shutterstock/3000ad