As the article was prepared, Bitcoin’s value stood at $96,356, with altcoins achieving significant gains over the weekend. Despite Bitcoin’s price retreating from $99,000, leading altcoins like ADA and XRP experienced double-digit losses, which began to recover. The pressing question remains: when will the true rise in altcoins occur?
Current Bitcoin Dynamics
In the past 24 hours, the Bitcoin 
$98,117 price dropped from $98,564 to $95,734. Nearly half a billion dollars in long positions were liquidated, contributing to double-digit losses among altcoins during this Bitcoin downturn. With losses starting to recover, strong volatility is anticipated in the upcoming week based on forthcoming data.
Daan Crypto Trades noted the significant liquidation risks and suggested that Bitcoin could dip to $95,000 before accelerating downward. He stated that over $500 million in positions were liquidated in the last 24 hours and questioned whether enough fuel has been generated to help push Bitcoin above the $100,000 mark.
There is a prevailing belief that Bitcoin may surpass $99,000 on Monday due to the CME gap. Additionally, since significant liquidity from bulls has been withdrawn, higher price targets now seem feasible.
Anticipating Altcoin Movements
Poppe discussed a lengthy cycle evaluation of altcoins, referencing a chart shared by Rover that compares altcoins with Bitcoin. Market dominance for altcoins appears to be at a low, indicating that a significant rally may soon begin, similar to trends observed in 2021 and 2017.
Poppe shared his experiences concerning the volatility in altcoins and emphasized that, while altcoins are in a bull cycle, sudden downturns can pose challenges. He expressed that specific strategies can be implemented during these volatile times.
He advised patience and suggested accumulating altcoin positions now, as this phase is the easiest time to establish these positions before markets turn vertical. If this occurs, the need for urgent actions during sharp declines may diminish, as these downturns would merely reset the markets.
For those without positions or looking to increase, sudden dips provide optimal entry points. He cautioned against the prevailing negative sentiment on social media, urging individuals to invest after observed corrections and to adopt a long-term holding strategy.
Ultimately, maintaining patience is crucial to maximize returns, as demonstrated by Poppe’s own experiences in previous cycles, where he achieved significant gains by simply remaining steady amidst market fluctuations.
