Crypto analyst Michaël van de Poppe believes that the digital assets market is following a historical pattern before Bitcoin (BTC) halving events. He suggests that investor sentiment and altcoins are currently reaching cycle lows 10 months before the next BTC halving event, which is expected on April 20, 2024. Van de Poppe believes that just like in the past altcoins will soon turn bullish. He also believes that the Bitcoin dominance chart is flashing bullish for altcoins as the the 200-week moving average (MA) and the 200-week exponential moving average (EMA) are starting to act like resistance just like they did months before Bitcoin’s 2020 halving event.Van de Poppe also says that several altcoin projects, like Ethereum and blockchain oracle Chainlink (LINK), have continued to develop during the bear market, setting the stage for massive rally events when the bull cycle takes off. Ethereum is currently trading for $1,733 and Chainlink is worth $6.23 at time of writing. Van de Poppe suggests that investors should position themselves in the early stages of the new bull cycle, as people tend to disbelief the markets have already started in a new bull cycle. He believes that this is the period where sentiment is the lowest and altcoins are usually swimming around their cycle lows.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | Michaël van de Poppe |
| Companies | Ethereum, NFTs, ETFs, DeFi, PoS, Chainlink |
| Currencies | Ethereum, Bitcoin, inSure DeFi, NFT Stars, Chainlink |
| Securities | None |
