- The analyst encouraged participants to buy the Bitcoin and altcoin dip.
- BTC’s dominance dropped, suggesting a potential altcoin rally.
- Bitcoin might keep trading sideways as bulls and bears stay on the sidelines.
Crypto analyst Michaël van de Poppe posted that the wider altcoin correction could be an opportunity to load up on the dips. van de Poppe said this in a post on January 24.
According to him, the negative sentiment currently experienced in the market should not be seen as a sign of losing faith. Instead, he opined that it could be the best time to accumulate before the next rally.
#Altcoins going into a 30-50% correction.People start to lose faith after the approval of the Bitcoin ETF.
Negative news is getting into the spotlight.
Time to load on the positions.
This is a great, and possibly final dip, to get yourself in.
— Michaël van de Poppe (@CryptoMichNL) January 24, 2024
The analyst also talked about Bitcoin (BTC) in another post. According to him, BTC was in the final phase of its correction because volatility has been decreasing.
He, however, mentioned that the coin price could still drop as low as $36,000 but noted that a rally coul…
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