Popular crypto analyst Michael van de Poppe’s latest tweets feature a short-lived altcoin rally in Bitcoin (BTC) pending a breakout to $30,000.
ETH and 6 altcoins ‘must watch now’
BTC is currently experiencing a minor pullback that could drop below $28,000. In his March 23 tweets, Poppe said that 28,500 would be critical to the move to $30,000 and several altcoins could accompany the momentum. The cryptocurrencies that the analyst is following in the current market conditions are as follows:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Polkadot (DOT)
- Avalanche (AVAX)
- Curve (CRV)
- Left (LEFT)
- Chainlink (LINK)
Price expectations
Van de Poppe shared his choices along with short-term price expectations. While BTC and ETH are technically strong, Litecoin may find new buyers due to the upcoming halving date. Poppe thinks we could see double-digit gains across the altcoin market in case of a potential bullish breakout. According to their most recent tweet:
The coins I personally follow at this point are;
- BTC for the rise from $28,500 to $30,000
- ETH as it can be broken to $2,000
- LTC for halving rally
- DOT / AVAX / CRV / SOL / LINK for potential rallies of 15-25%.
What does the on-chain data say about the next rally?
While Van de Poppe focuses on high-volume altcoins, other analysts predict that the money flow will enter the mid and small altcoins in the coming weeks, igniting the alt season. According to Anatilik firm Santiment, several transactions worth over $40 million have already been made on altcoin networks such as MATIC, FET, MANA, DIA, IMX and SAND. This indicates increased market activity.
Important indicators for the upcoming altcoin season
According to renowned Twitter crypto analyst and trader CryptoTony, altcoin season has already begun, marked by the recent 10% rise in Litecoin (LTC), which is currently trading at around $95 on Friday. With Bitcoin experiencing resistance at $28,000, the analyst expects altcoins to start rising soon. CryptoTony uses the ETH/BTC derivatives chart to track the flow of money from Bitcoin to the altcoin market.
According to the chart, holding key support zones triggers a sharp rise. “The area to hold on the ETH/BTC derivatives chart will be 0.06 – 0.058,” the analyst said. He also suggested that the Bitcoin price could rise again to $30,000 before returning to $25,000 in the coming weeks.
cryptocoin.com In our recent analysis, which we quoted as a ‘super cycle’, most experts interpreted Bitcoin’s latest rally as the start of a new ‘super cycle’. BTC is currently spending time in the $28,000 region, peaking at $28,803.34 this week.
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