cryptocurrency Michaël van de Poppe, one of the well-known analysts of the market, talked about what he expects in the cryptocurrency market, which has been in a downward trend recently.
Analyst, Bitcoin He announced that he expects the price to continue its consolidation phase. At the time of writing this article, BTC price is trading at $61,263, with a decrease of approximately 4% in the last 24 hours.
However, van de Poppe predicts that altcoins will make leaps in Bitcoin pairs while BTC watches a horizontal course. The analyst expects the agenda and trend in the cryptocurrency market to shift towards Ethereum and DePIN and RWA (real world assets) sector.
The analyst said that altcoins will continue to remain strong in the second quarter of the year and part of the summer period, but corrections may occur in the third quarter.
Speaking about Bitcoin dominance, the analyst claimed that dominance may have reached a peak value and a reversal is now on the horizon.
The analyst suggested that the pre-halving rally for BTC is complete and that a long period of calm is likely to occur before the next rally.
*This is not investment advice.
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