While Bitcoin was experiencing a correction, altcoins also accompanied this correction. At this point, while altcoins were experiencing declines of up to 50%, popular analyst Michael van de Poppe said that the correction in altcoins was over.
“Investors Should Be Brave and Save!”
Sharing from his account X, Poppe claimed that altcoins have already experienced a 30-50% correction and that they will not correct again.
Stating that this means that you will want to add to your positions before the bull, the analyst said that the interest in crypto and altcoin markets has decreased among investors.
Arguing that these days when interest is low are ideal days for investing, Poppe advised investors to be brave.
“During price corrections, investor interest in the crypto and altcoin markets suddenly disappeared.
These days when there is little or no interest are the days when investment should be made.
You will need to be brave and invest as many expect further declines.
That's the rule of the game.”
Those days, when there's no sentiment, are the days to invest.
You'll need to be brave and invest while most are expecting a further decline.
That's the game.
— Michaël van de Poppe (@CryptoMichNL) January 25, 2024
“I'm Collecting Polkadot!”
Poppe, who thought that the correction in altcoins was over, examined Polkadot, stating that altcoins were preparing to make a jump.
Stating that at this point, DOT is on the verge of reaching a higher support level, Poppe also said that it continues to accumulate from current levels.
Poppe also stated that DOT must maintain the $5.60-6.00 level to rise, adding that Bitcoin is also in the final stages of correction.
“While altcoins are poised for a bounce, DOT is also on the verge of reaching a higher support level.
I'm accumulating in these areas to make sure I'm positioned for the upcoming upside run.
“$5.60-$6.00 needs to hold.”
I'm accumulating at these regions to make sure that I'll be positioned for the upcoming upwards run.
$5.60-6.00 needs to hold. pic.twitter.com/yf75bN40ml
— Michaël van de Poppe (@CryptoMichNL) January 26, 2024
*This is not investment advice.