Analyst Announces Pre-Hallowing Peak Level for Bitcoin, Shares Altcoin Rally Expectations!

While Bitcoin, the leading cryptocurrency, has risen above $ 70,000 with its recent rise, it is moving horizontally here.

Despite the horizontal movements in $BTC, investors' upward expectations continue, while popular analyst Michael van de Poppe shared his expectations for $BTC and altcoins.

Stating that we are close to a local peak in Bitcoin and that he expects $ATH renewal between $ 75,000-80,000 before the halving, the analyst claimed that $BTC will correct after the halving.

Poppe added that he expects altcoins to perform better as Bitcoin corrects.

“Consolidation in Bitcoin continues.

I think we are near the top of this run in Bitcoin. However, I think we will have another $ATH test of maybe $75,000-80,000 before the halving.

Then $BTC will correct.

“I expect altcoins to perform better during the consolidation and correction phase in Bitcoin.”

#Bitcoin consolidating.

I think that we're close to the peak of this run, but I think we'll have another $ATH test, perhaps even $75-80K pre-halving and then we're correcting.

During that consolidation / correction phase, I expect altcoins to outperform. pic.twitter.com/bnQjYuIzrr

— Michaël van de Poppe (@CryptoMichNL) March 27, 2024

*This is not investment advice.