Renowned crypto analyst Michaël van de Poppe has pointed to signs of a strengthening bull market as Bitcoin enters a period of consolidation just below its all-time high.
Bitcoin may have stalled just below its all-time high, but according to renowned crypto analyst Michaël van de Poppe, this signals a strengthening bull market.
According to the analyst, this type of consolidation is common before a major breakout.
However, while the flagship cryptocurrency takes a breather, altcoins are displaying remarkable strength, with several breaking out and continuing their ascent.
This shift suggests capital movement within the market and continues the story of an altcoin season in progress.
Van de Poppe's analysis underscores the market's bullish framework, marked by healthy consolidation in Bitcoin and renewed interest in altcoins—a classic occurrence in advancing crypto cycles.
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