A widely respected cryptocurrency analyst believes digital assets are entering a new era of prosperity.
Crypto trader Michaël van de Poppe told his 718,500 followers on social media platform X that better times are ahead for the market.
“This may be the last easy rally to change your life with cryptocurrency.
If you survived this fix and are still here, congratulations.
The period ahead will be good.”
With Bitcoin (BTC) up 10% last week, Van de Poppe said the $61,000 price range has become support for BTC’s next rally.
“The important level for Bitcoin has reversed to $60,500-$61,000.
It is highly likely that the momentum continued from here and the trend changed.
In response, altcoins are rising significantly as confidence returns.”
At the time of writing, the value of BTC is $67,276, up 2.5% on the day.
As the altcoin market follows Bitcoin’s lead, analysts point out one notable exception. It is Ethereum (ETH), the leading altcoin by market capitalization.
“Altcoins are already waking up, the only one that is lagging is ETH.
With the dominance chart on the brink of a reversal facing higher term resistance and lawsuits with exchange traded funds, several big events are coming for Ethereum.”
ETH is trading at $3,111 at the time of writing, up 5.5% in the last 24 hours.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
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 you will be responsible for any losses you may suffer. 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/3000ad