Bitcoin’s on the Cusp of an Impulsive Move, According to Trader Michaël van de Poppe – Here’s His Outlook
A widely followed crypto analyst says that Bitcoin (BTC) is on the brink of a move to the upside. In a new thread, crypto trader Michaël van de Poppe tells his 763,900 followers on the social media platform X that even though the crypto king looks like it’s on the cusp of an impulsive move, it will likely still be outpaced by altcoins in the Ethereum (ETH) ecosystem. “Very likely we’ll see a new impulse on Bitcoin in the coming period. However, I think it’s more likely that we’ll see altcoins outperform Bitcoin, especially the ETH ecosystem. Lower yields, weaker dollar, progressive crypto regulation all fueling the market momentum.” According to the strategist, the current crypto cycle is more “complex” than the last, continuing a trend from the previous cycle. Van de Poppe says his strategy will involve maximizing his risk to altcoins as he believes they are about to break out. “I think that this bull cycle ...