Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»As Bitcoin takes a breather, altcoin mania and an overall breakout are noticeable, analysts predict. Here’s why:
ALTCOIN NEWS

As Bitcoin takes a breather, altcoin mania and an overall breakout are noticeable, analysts predict. Here’s why:

By Crypto FlexsJanuary 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
As Bitcoin takes a breather, altcoin mania and an overall breakout are noticeable, analysts predict.  Here’s why:
Share
Facebook Twitter LinkedIn Pinterest Email

A widely respected cryptocurrency analyst believes altcoins will soon take center stage as Bitcoin (BTC) enters a period of consolidation.

Analyst Michaël van de Poppe tells his 684,700 followers on social media platform

Van de Poppe said the ETF is bullish on Bitcoin for the long term, but it will take time for tens of billions of dollars of capital to flow into BTC. For now, Bitcoin is likely to enter a period of consolidation as deep-pocketed investors cycle capital and traders wait for a new catalyst, the analyst said.

“However, in the short term, Bitcoin price is likely to consolidate and take a brief breather. Here are some reasons for this:

Switching from Grayscale Bitcoin Trust (GBTC) to an ETF requires selling BTC.

Institutions switch from spot Bitcoin to ETFs to comply with regulatory frameworks.

Speculators and self-selling firms built on the hype sell (or stop) their positions when they realize the hype is over.

Until there is a new event, the hype itself stops the sudden euphoria of buying real assets now.”

As Bitcoin cools, Van de Poppe believes altcoins will start to make their move. Bitcoin’s consolidation provides a time window for altcoins to outperform BTC and rise, according to analysts.

“Altcoins have struggled over the past few months since Bitcoin surged from $25,000 to $50,000. It is very likely that we will see a period of consolidation in Bitcoin, and there will probably be a relatively prolonged period of consolidation (3-6 months) before new highs occur. In the meantime, altcoin mania and general breakthroughs are the next steps.”

The trader also shares a chart that suggests BTC will consolidate between $39,000 and $50,000 for most of 2024, giving the altcoin plenty of time to trigger a breakout rally.

Source: Michaël van de Poppe/X

As of this writing, Bitcoin is worth $42,429.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/thinkhubstudio/Andy Chipus

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025
Add A Comment

Comments are closed.

Recent Posts

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

It flashes again in July

July 6, 2025

AAS MINER Rolls Out 2025 AI Cloud Mining Plan — Fully SEC-Compliant, Risk-Controlled, And Tailored For Crypto Enthusiasts

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025
Most Popular

Chinese Premier Li Qiang defends ethical AI boundaries in Davos

January 17, 2024

Can the XRP price reach $ 4 in May? Analysts are seeing this major level

May 7, 2025

No Grumpy in Pirate Multi Coin Slot

May 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.