While Bitcoin experienced an almost 10% correction in the last two days, serious declines were also seen in altcoins.
At this point, while investors were investigating whether the bottom was coming, well-known analyst Michael van de Poppe analyzed the current situation of BTC and altcoins.
While there is very little time left for the halving in Bitcoin, Poppe said that the same situation is happening in previous cycles and everything is fine, and said that it is the right time to buy.
“Reality is starting to set in as the pre-halving momentum in Bitcoin slows down.
Like every previous cycle, things are still going well for Bitcoin and altcoins.
Altcoins lost 25-50% in USDT value while BTC dropped 40-70% in value.
At this point, it's time to buy.”
Is There a Buying Opportunity in Altcoins?
The successful analyst also pointed out that Bitcoin is in a period of consolidation and said that he does not expect there to be much upward movement in BTC in the coming days, but he believes that slowly but surely altcoins will start to gain momentum.
Stating that although he does not expect an upward movement in Bitcoin, he has high expectations from altcoins, Poppe said, “altcoins have fallen between 50-70% in Bitcoin pairs. This is a real opportunity to position yourself in altcoins.” said.
#Altcoins are down 50-70% in their Bitcoin pairs.
That's an actual opportunity to get yourself positioned into them.
— Michaël van de Poppe (@CryptoMichNL) April 4, 2024
*This is not investment advice.
