Cryptocurrency

Michaël van de Poppe Says Altcoins Resurgence on the Horizon. Here’s His Target

Michaël van de Poppe, a renowned crypto expert has revealed that the anticipated Bitcoin breakout may indicate an anticipated rally for the altcoin markets.

Van de Poppe made this disclosure via his official Twitter account with over 656,000 followers. Going further, he also revealed that he is keeping close tabs on the OTHERS.D (Others Dominance) chart to enable him to monitor the amount of the total market cap of crypto belonging to altcoins.

From all indications, Michaël seems convinced about the prospects of a short-term fall in value for OTHERS.D. At the same time, he is also particular about the likelihood of Bitcoin taking out a potential $30,000 before altcoins can partake in the rallies.

Van De Poppe wrote, “The time for altcoins is almost there. Bitcoin is chopping around, most likely breaking back up soon enough. $30,000 break and ETH/BTC bounce from 0.059 (BTC worth $1,661), and altcoins can have relief. Patience.”

Analyzing Van De Poppe’s released chart, the analyst pinpointed 8.66% and 7.02% as possible bounce areas for the OTHERS.D. Meanwhile, according to the data gathered from Tradingview, OTHERS.D is revolving around 8.94% and is down by 1.73%.

Speaking about what an Ethereum breakout means, Van de Poppe is confident that Ethereum constant prints of higher lows may hint at a bullish signal that will culminate in a boost in Ethereum price.

The analyst stated, “If we break up, it is a fast break up, and then we can start moving towards the resistance. If we break this level here ($2,150), it is an expansion towards $2,700 to $2,800…

“First Bitcoin is going to move substantially, and then if Bitcoin is done, Ethereum will just follow through, and then also the other majors are going to follow through.”


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Ripple President Shares When RLUSD Will Launch

Ripple's RLUSD stablecoin has entered beta testing, with a broader release anticipated upon regulatory clearance.…

55 minutes ago

Analyst Predicts New ATH for the Dogecoin Price in Few Days, Points to Altcoin Competitor Eyeing 42,120% Rise

The Dogecoin price is again making waves, with analysts predicting a new all-time high (ATH)…

4 hours ago

Chartist Predicts 5 XRP Price Milestones If Bitcoin Hits These Bullish Points

Experienced crypto analyst EGRAG has projected that XRP could reach remarkable price levels if Bitcoin…

6 hours ago

Shiba Inu News: SHIB Burns Skyrocket 1800%, Cardano Aims For $1 As Price Surges 60%, While Yeti Ouro Tops Presale Charts

In the ongoing bull market, memecoins have provided the best opportunities, and to keep its…

7 hours ago

Are $1 SHIB, $600 SOL, and $10 XRP Possible? This XRP Alternative Could Deliver 5000% Gains Instead!

Cryptocurrency enthusiasts are buzzing about the potential for massive gains in popular tokens. There's speculation…

10 hours ago

Pro-XRP Lawyer States Two Key Reasons Why Bitcoin Will Sustain Rally

Attorney Jeremy Hogan, a prominent figure in the XRP community, recently outlined two key developments…

11 hours ago