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Bitcoin started its bullish momentum as Donald Trump won the U.S. presidential elections last month — rising to an all-time high of $103,900 on Dec. 5. As profit-taking kicked in, the flagship cryptocurrency fell below the $100,000 mark again.
Michaël van de Poppe, veteran crypto investor and trader, expects altcoins “to shine again” as Bitcoin faces correction.
He pointed out that Bitcoin’s current price movements look similar to December 2023 as the global crypto market cap rose from $1.7 trillion to $2.9 trillion within three months.
Ethereum, the leading altcoin, reached a local high of $4,070 in mid-March. ETH is trading at $3,700 at the time of writing. Another crypto analyst, known as Milky Bull with over 81,000 followers on X, expects the incoming “altseason” — a time when altcoins outperform Bitcoin — to last for three months. 1 reply
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