Michael van de Poppe on defining capitulation in altcoins market
@CryptoMichNL: Capitulation event in altcoins market
Michael van de Poppe, a prominent voice in the cryptocurrency world, has highlighted a significant event in the altcoins market—what he calls a 'capitulation'.
According to van de Poppe, bear markets often reach their end during drastic days characterized by 'massive, illiquid wicks' which move sharply downward. These movements are typically followed by a quick bounce and subsequent rally, symbolizing a potential shift in market trends.
This observation could suggest a pivotal moment for investors in the altcoin sector, as such market dynamics historically indicate turbulence preceding potential recovery.
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In the previous news, author Michael van de Poppe spoke about strategic market movements and the significance of market corrections in his analysis of VeChain.
