Markets
“Change Your Life with Crypto”: With Bitcoin (BTC) on the Rise, Analyst Analyzes Altcoin Markets
A widely followed crypto analyst believes digital assets are on the verge of a prosperous new era.
Cryptocurrency trader Michaël van de Poppe tells its 718,500 followers on social media platform X that better times lie ahead for the markets.
“This could be the last easy move to change your life with cryptocurrencies.
If you survived this fix and are still here, congratulations.
The next period will be fantastic.”
With Bitcoin (Bitcoin) up 10% in the last week, Van de Poppe He says that the $61,000 price zone has become the support for the next BTC rally.
“The crucial level has changed for Bitcoin at $60,500-$61,000.
The momentum is likely to continue from here and the trend has changed.
In response, altcoins are rising substantially as confidence returns.”
Source: Michaël van de Poppe/X
At the time of writing, BTC is worth $67,276, up 2.5% on the day.
As altcoin markets follow Bitcoin’s lead, analyst points out one notable exception: the leading altcoin by market cap, Ethereum (ET).
“Altcoins are already waking up, the only one missing behind is ETH.
We are on the verge of a reversal here as the dominance chart faces higher time resistance + multiple big events are approaching for Ethereum with the exchange-traded fund and lawsuits.”
At the time of writing, ETH is trading at $3,111, up 5.5% over the past 24 hours.
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Featured image: Shutterstock/3000ad