Michael Van de Poppe Gives the Sign for Bitcoin and These 2 Altcoins! First to the Bottom, Then to the Top!

Michael van de Poppe, one of the closely followed names of the market, said that altcoins may start an upward movement if hopes about the approval of the Ethereum (ETH) exchange traded fund (ETF) from the US Securities and Exchange Commission (SEC) decrease in the coming days. he stated.

Cryptocurrency analyst van de Poppe stated in his statement to thousands of followers on the social media platform X that Bitcoin (BTC) hovering around $ 61000 could play an important role in the awakening of altcoins.

Markets bounced from the critical zone to $61000 and altcoins are waking up. This is the last period of accumulation before the big surge.

As of writing time, BTC price is trading at $60733 after a 3.37% decrease in the last 24 hours. Despite the price drop, the transaction volume was over 27 billion dollars, an increase of over 7%.

The analyst, who particularly examined the altcoin Arbitrum (ARB), which will be unlocked within the week, thinks that the full correction of the ETH layer2 protocol is nearing its end.

This has a full fix and is in the final stages of fixing. There has been a major cascade in recent weeks, with markets generally refueling in the following weeks. In this context, markets are nearing the end of the correction.

ARB continues to trade at $1 after a decline of over 3% as of writing time.

Van de Poppe also drew attention to another important issue and stated that the SEC will not give approval for the ETH ETF before at least July or August of this year.

There will be no Ethereum ETF this month. There will likely be a 60 day delay or extension, during which July/August will be a big moment for the markets. In terms of expectations? Markets will hit bottom in the next 1 , 2 weeks and go back up after this news.
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