CandleFocus Trader Michaël van de Poppe Says Altcoins Primed for ‘Another Strong Run,’ Outlines Path Forward for Bitcoin
2024-12-05
Author: Content Editor
A crypto analyst believes that altcoins may experience a series of rallies following Bitcoin's rise above $100,000. The analyst suggests that once Ethereum starts surging in its Bitcoin pair, altcoins may break out. The decline in Bitcoin's dominance level is seen as a bullish signal for altcoins. The analyst predicts that Bitcoin will consolidate after breaking through the $100,000 resistance level, creating potential opportunities for altcoins to thrive. At the time of writing, Ethereum is trading at 0.03848 BTC ($3,876) and Bitcoin is trading at $101,315.
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