- Renowned crypto analyst Michaël van de Poppe shares a potential scenario for Bitcoin and altcoins on platform X.
- The analyst predicts a period of calm for Bitcoin and gives a timeline for the rise of altcoins.
- Van de Poppe’s analysis suggests a possible downturn for Ethereum (ETH) and a consolidation period for Bitcoin.
Renowned crypto analyst Michaël van de Poppe shares a potential scenario for Bitcoin and altcoins, predicting a calm period for Bitcoin and a rise for altcoins.
What does the crypto expert expect for Bitcoin and altcoins?
Michaël van de Poppe believes that the crypto market will continue to experience turbulence for some time. According to his post on platform X, a significant drop could be seen, particularly on the Ethereum (ETH) side. The analyst suggests that the price of ETH will continue to fall to levels between $2,500 and $2,750.
Van de Poppe’s Predictions for Ethereum and Bitcoin
The analyst also predicts a delay in spot Ethereum ETFs, although he does not comment on the possible cause of this delay. According to van de Poppe, due to the delays experienced in spot Bitcoin ETFs and the depreciation of ETH, the ETH/BTC pair will form a new low. He also believes that a rotation will occur within two weeks after the delay.
Outlook for Altcoins and Bitcoin
According to the analyst’s scenario, after all these processes, a final rise will be seen in altcoins. Michaël van de Poppe suggests that altcoins will rise in the third quarter. At the end of the scenario is Bitcoin. The analyst conveyed that Bitcoin will continue to consolidate for the next 4 to 6 months. He indicated that BTC will trade in a horizontal price band.
Conclusion
Michaël van de Poppe’s analysis offers a potential scenario for the crypto market, with a downturn for Ethereum, a rise for altcoins, and a consolidation period for Bitcoin. However, as with all investment and trading moves, these predictions carry risk and readers should conduct their own research when making decisions.
