Altcoin Season Poised To Begin As Legendary Analyst Reveals Exact Month When
The post Altcoin Season Poised To Begin As Legendary Analyst Reveals Exact Month When appeared first on Coinpedia Fintech News
The past few weeks have been significant for the crypto market, as the US SEC took many by surprise by approving all 8 Ethereum ETFs. Adding to the momentum, Australia and Thailand have each launched their first-ever Spot Bitcoin ETF.
Now, the focus has shifted to the altcoin market. Despite recent corrections with some altcoins dropping by 10-20%, they are now ready for another upward move. Fueling this optimism, Legendary crypto analyst Michael van de Poppe expects a massive rally for altcoins in the coming months.
Altcoins Are Ready To Move
Michael van de Poppe, known for his insightful market analyses, believes that altcoins are primed for a notable rally. Van de Poppe highlighted that the momentum for altcoins is expected to build up from late June, continuing through September and into October.
This suggests a potential period of sustained growth and recovery for altcoins, which have been underperforming in recent months.
Further into analysis, Van de Poppe elaborated that this expected rally represents a repricing of altcoins back to their “normal values.” This implies that altcoins, which have been trading below their historical averages, may soon see a correction that aligns their prices with their intrinsic values.
Shifting Interest From BTC To Altcoin
Looking at the bitcoin price trajectory BTC is currently continuing the fight against the resistance zone in between $69K and $71K. Even Bitcoin has been suffering a substantial correction in the past two weeks.
Many in the crypto space believe that hat if Bitcoin’s price dips below the $68k mark, investor attention will shift towards altcoins. This shift is driven by the expectation of higher returns on alternative cryptocurrency investments.
