Bitcoin and altcoins continue to experience volatile movements due to both geopolitical and macroeconomic factors.
While predicting both bullish and bearish trends for BTC and altcoins, the latest analysis comes from expert analyst Michaël van de Poppe.
Poppe, covering Bitcoin, Ethereum, and Solana, shared his analysis from his X account.
Ethereum is a Better Investment Option Than Bitcoin!
First, he stated that Ethereum is a better investment option than Bitcoin in the future.
The analyst noted that Ethereum has been remarkably resilient despite recent declines, returning to an uptrend for the first time in a year.
In this context, Poppe added that Ethereum maintained its position without experiencing a significant drop during Bitcoin’s recent correction.
Secondly, the analyst who examined Bitcoin stated that there is still no problem with the outlook for BTC.
According to the analyst, the BTC price continues to trade above $60,000 despite the renewed outbreak of war in the Middle East.
At this point, the analyst stated that the critical level for BTC is $61,000.
The analyst also said that Bitcoin has either reached its bottom or is going through an accumulation phase.
Finally, the analyst stated that he expects a correction in Bitcoin and altcoins in September/October, followed by a new major uptrend across all markets in the fourth quarter.
What’s the Situation in Solana?
Poppe recently reviewed Solana and stated that he maintains his positive outlook for SOL.
The analyst notes that Solana is still in an uptrend, stating that the year-long downtrend against Bitcoin has been broken.
In this context, the analyst stated that he does not expect this trend to stop, and believes it is only a matter of time before the SOL price trades above $100 again.
The analyst, who argued that SOL should be in everyone’s portfolio, said that the situation is actually simple:
“SOL is in an uptrend against the Dollar and BTC.
Buy the dip when it falls 10-30% against BTC.”
*This is not investment advice.
