One of the closely followed market analysts, Michael van de Poppe, indicated that altcoins could host a major rally starting from the end of June, drawing all attention to himself.
Will Bitcoin Price Rise?
Crypto analyst and investor Michaël van de Poppe made important statements to his thousands of followers on the social media platform X. In his statements, he indicated that altcoins might have started preparing to return to their normal values.
Altcoins are ready for a rise. I think we will see significant momentum from late June to September – October. After the major fluctuations in the first period of the year, they will return to their normal values.
Following this statement, van de Poppe made remarks indicating a show of strength for three cryptocurrencies and drew attention here. According to the analyst, Bitcoin (BTC) creates optimism for upward momentum. According to the analyst, if BTC, which is at the top of cryptocurrencies, can stay above the $70,000 price level, it can target all-time highs again.
Bitcoin’s upward momentum continues. $70,000 was broken upwards, and the important level now is to hold $70,000 to continue to all-time highs.
At the time of writing, Bitcoin was trading at $70,795, which meant a 0.59% decrease.
Ethereum Comments
Ethereum (ETH) was also commented on by van de Poppe, who stated that the cryptocurrency at the top of altcoins would greatly benefit from the approval of S-1 applications by the US Securities and Exchange Commission (SEC) for ETH-based exchange-traded funds (ETFs) by financial institutions.
Ethereum is focusing on forming this high low level. I think the certainty regarding S-1 approvals will lead to a strong upward move and a higher low level. It’s just a matter of patience.
Ethereum continues to trade at $3,800 after a 1.17% decrease in the last 24 hours.
DOT Coin Comments
Van de Poppe’s analysis concluded with the Layer-2 scaling solution Polkadot (DOT). The analyst stated that the slow upward movement of the DOT price does not change the fact that there is still time for a rise.
DOT is doing great in terms of fundamental growth. They are focusing on RWA (real-world assets) and have multiple great projects within the ecosystem (Centrifuge and Energy Web). The price has started to climb upwards, and I think it’s still a great time to take a position.
DOT continues to trade at $7.12 at the time of writing. DOT’s price has decreased by 1.77% in the last 24 hours.
