Van de Poppe’s predictions suggest that the blend of the imminent ETF application and the pre-halving event will likely cause a dramatic increase in BTC’s price. He also mentioned a possible retest around the $27,700 level and highlighted a beneficial BTC consolidation phase for solid support levels.
In addition to his Bitcoin analysis, Van de Poppe identified an upward trend in altcoins such as Chainlink, Solana, and Injective in their final bear market phase. This observation comes despite overall crypto disinterest and Bitcoin’s dominance in the market. The analyst predicts that the anticipated BTC halving event will stimulate the altcoin markets, following historical patterns.
However, Ethereum‘s performance was noted as a concern due to disappointment over the delayed launch of ETH ETF Futures. The delay has underscored weakness in Ethereum amidst an otherwise bullish crypto market forecast.
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Source: Cryptocurrency - investing.com
