Leading cryptocurrency Bitcoin While it exceeded $ 70,000 with its recent rise, it moves horizontally here.
Despite the horizontal movements in BTC, investors’ bullish expectations continue while the popular analyst Michael van de Poppe shared his BTC and altcoin expectations.
We are close to a local top in Bitcoin and Stating that he expected an ATH renewal between $75,000-80,000 before the halving, the analyst claimed that BTC would experience a correction after the halving.
Poppe added that he expects altcoins to perform better as Bitcoin corrects.
“Consolidation in Bitcoin continues.
I think we are near the top of this run in Bitcoin. However, I think we will have another ATH test of maybe $75,000-80,000 before the halving.
Then BTC will correct.
“I expect altcoins to perform better during the consolidation and correction phase in Bitcoin.”
#Bitcoin consolidating
I think that we’re close to the peak of this run, but I think we’ll have another ATH test, perhaps even $75-80K pre-halving and then we’re correcting.
During that consolidation / correction phase, I expect altcoins to outperform. pic.twitter.com/bnQjYuIzrr
— Michaël van de Poppe (@CryptoMichNL) March 27, 2024
*This is not investment advice.
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