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Michael van de Poppe observes that Bitcoin is continuing to stagnate within its current range.
He suggests this could be a positive signal for altcoin markets, noting his decision to maintain his positions in alternative cryptocurrencies due to the absence of technical reasons to exit. He also anticipates a strong performance for altcoins during the summer period.
Van de Poppe recently described the largest long liquidation in Bitcoin in three months, noting that Bitcoin prices fell just 1% while altcoins showed relative strength. He earlier pointed to the Clarity Act vote as a potential catalyst for a new crypto market cycle. His latest views come amid continued range-bound trading for Bitcoin.