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Altcoins reach new all-time highs, Michael van de Poppe notes
Michael van de Poppe highlights that Bitcoin is currently in a period of accumulation and may be poised for upward movement.
He observes that certain altcoins are reaching new all-time or yearly highs, indicating a significant shift in crypto markets. According to van de Poppe, there is clear appetite for crypto assets, contributing to these developments.
Van de Poppe previously identified $66,000 and $61,000 as important support zones for Bitcoin, noting the significance of the 200-week moving average in his analysis (article). He also highlighted an unprecedented low in Ethereum's daily RSI, which he considered a potential sign that the bear market could be nearing its end (article). These observations contribute to his outlook on current market trends.
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