“Enjoy the altcoin rally!”
Michael van de Poppe, known for his cryptocurrency analysis, made critical statements about the course of the altcoin market.
Bitcoin, which has been in a downward trend for a few days, exceeded $ 100,000 again on December 11. The rise of altcoins in this process gave hope. Cryptocurrencies, which recovered in a very short time, continued their bullish trend, while comments from analysts gained more importance.
The TOTAL3/BTC chart made crypto investors happy by rising. This chart provides information about the course of the markets by comparing the altcoin market value with Bitcoin. According to Michael van de Poppe, this chart currently shows one of the strongest bull markets in history.
The famous analyst thinks that excitement among crypto investors has increased with Bitcoin reaching $ 100,000 again. According to Poppe, investors are turning to altcoins during this period when confidence and liquidity increase. In particular, the positive signals from the TOTAL3/BTC pair indicate that we are entering a period where altcoins can outperform Bitcoin. This development can help markets continue their upward movement, supported by liquidity and confidence.
During the recent market corrections, rapid liquidations in futures caused downward pressure on prices. However, from a broader perspective, the market is still showing an upward trend. Markets are maintaining their upward trend by creating higher lows.
Based on these developments, Michael van de Poppe told investors to “hold your positions and enjoy the altcoin rally.” Stating that volatility will be high during this process, the famous analyst emphasized that caution should be exercised.
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