Popular Analyst Shares Historical Pattern Indicating Altcoins Rally
Altcoins to Rally Michael van de Poppe on September 4 said “Altcoins are ready to reverse, while nobody expects it.” The bullish narrative came amid the September FUD. He earlier reported that the last time Bitcoin had a green September month was in 2016 and expects BTC price to fall this September. advertisement He asserts that altcoins are showing upside momentum, with breakouts happening across the crypto market. His Analysis came amid bearish sentiment in the market and as most altcoins are in red in the last week. In recent months, the markets have been moving sideways, creating boredom for traders and whales. While the overall sentiment is still that the markets are continuing to fall, he expects a recovery soon. On the other hand, Bitcoin dominance has dropped significantly since the test of the 200-EMA. He shared a chart showing that Bitcoin dominance is in line with the previous cycles. Thus, the historical pattern hints at an upcoming rally in altcoin