Likely scenario for Bitcoin and altcoin from Crypto analyst

Famous crypto analyst Michaël van de Poppe created a possible scenario for Bitcoin and altcoin in his post on the X platform.

The unsettling nature of the Crypto money market has pushed crypto investors into new scenarios. While investors question whether the bull season is over, different opinions continue to come from the experts of the industry.

Michaël van de Poppe, who attracted attention in the sector with his Crypto analysis, shared an interesting post on X the other day. The analyst prepared a remarkable scenario for the upcoming processes.

Michaël van de Poppe pointed out that a period of calm in Bitcoin is near. In addition, the analyst gave a date for the rise of the altcoin.

Michaël van de Poppe thinks that the turbulent period in the cryptocurrency market will continue for a while. According to the analyst's post on X, a serious fall can be seen, especially on the Ether (ETH) side.

Addressing his followers with the title "Possible scenario", the analyst touched on six different topics. First, the analyst suggested that the ETH price will continue to fall to the $2,500 to $2,750 levels.

Likely scenario:

– #Ethereum continues to fall to $2,500-2,750 area.
– Delay on the Spot Ethereum ETF.
– $ETH / BTC to new lows.
– Rotation after delay in 2 weeks.
– #Altcoins to surge in Q3.
– #Bitcoin to continue consolidating in the range for the coming 4-6 months.

— Michaël van de Poppe (@CryptoMichNL) May 10, 2024

Another scenario of the analyst is that there will be a delay in spot Ethereum ETF. Michaël van de Poppe did not comment on the reason for the delay.

According to the analyst, the ETH/BTC pair will form a new low due to the delays in spot Bitcoin ETF and the depreciation of the ETH. Michaël van de Poppe also thinks that there will be a rotation within 2 weeks after the delay.

According to the analyst's scenario, after all these processes, the final rise will be seen in the altcoin s. Michaël van de Poppe suggested that the altcoin will rise in the third quarter.

At the very end of the script, Bitcoin took place. The analyst stated that Bitcoin will continue to consolidate for the next 4 to 6 months. The analyst stated that BTC will trade in a horizontal price band.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.