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Impending Bitcoin Correction Will Lead To An Altcoin Rally – Analyst

Published 03/28/2024, 12:00 AM
Updated 03/28/2024, 12:15 AM
© Reuters.  Impending Bitcoin Correction Will Lead To An Altcoin Rally – Analyst

  • Michaël van de Poppe thinks altcoins are still “heavily undervalued.”
  • Poppe believes an upcoming Bitcoin correction will lead to an altcoin rally.
  • According to Poppe, the expected Fed interest rate decision will impact the market in the medium term.

Renowned cryptocurrency analyst Michaël van de Poppe thinks altcoins are still “heavily undervalued.” In a recent post on X, Poppe noted that altcoins are slowly moving upward. He cited Chainlink (LINK) as one of the altcoins experiencing significant strength. However, he believes the altcoin season has yet to begin fully.

Poppe’s post on X referenced one of his recently uploaded YouTube videos, where he analyzed the altcoin market, highlighting the current pre-halving trend. The analyst compared the current altcoin market to the situation before the 2016 Bitcoin halving.

According to Poppe, although Bitcoin did not reach a …

The post Impending Bitcoin Correction Will Lead To An Altcoin Rally – Analyst appeared first on Coin Edition.

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