- Michaël van de Poppe, founder of MN Trading, suggests altcoins are in the final stages of the bear market.
- Altcoins have been in a bear market for an extended period, dating back to 2020.
- Van de Poppe anticipates a new Bitcoin halving cycle is beginning, which historically affects altcoins.
Michaël van de Poppe, founder of MN Trading, opined that altcoins are in the final stages of the ongoing bear market as signs point to a new Bitcoin halving cycle beginning.
#Altcoins are in the last part of the bear cycle.Yes, it feels relatively painful. The sentiment is completely gone, no interest in crypto.
The only thing moving is #Bitcoin and, yet, that one needs to crack some levels.
The end is near for the bear market. Read here… pic.twitter.com/TLijWdMNKF
— Michaël van de Poppe (@CryptoMichNL) October 18, 2023
In a recent post on X (formerly Twitter), Van de Poppe noted this has been the longest-lasting bear period ever for altcoins, with peak prices reaching back in 2020. However, with the next Bitcoin halving approaching, he believes the tide is about to turn.
Van de Poppe pointed out that Bitcoin is starting to rally amid geopolitical tensions an…
The post Altcoins Are in the Last Part of Bear Cycle: Michaël Van de Poppe appeared first on Coin Edition.