A Crypto Strategist Declares the Bear Market Over
Crypto strategist Michaël van de Poppe believes that the bear market in the crypto industry is officially over. He predicts bullish paths for both Bitcoin (BTC) and altcoins, expecting altcoins to reach new yearly highs following BTC’s lead.
According to van de Poppe, as long as BTC stays above $34,800 and consolidates around the $35,000 area, it will likely experience more rallies. He specifically mentions the decentralized finance (DeFi) sector as a potential source of these rallies.
Van de Poppe also suggests that the overall altcoin market is starting to show signs of popping. He believes that major altcoins will soon experience breakouts and advises investors to load up on dips.
Currently, BTC is valued at $34,950, showing a 1.4% increase in the last 24 hours.
Hot Take: The Bear Market Comes to an End
Crypto strategist Michaël van de Poppe predicts a bullish future for Bitcoin and altcoins, declaring that the bear market is behind us. He expects BTC to reach new yearly highs and foresees altcoins following suit. Van de Poppe particularly highlights the potential for rallies in the decentralized finance sector. With altcoins starting to break out significantly, he believes that major altcoins will soon experience their own breakouts. This positive sentiment indicates an end to the bear market and presents opportunities for investors to take advantage of price dips.
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