Analyst Michaël van de Poppe on Why This Is the Best Time to Invest in Altcoins: Chainlink as Leading Indicator
Cryptocurrency analyst Michaël van de Poppe shared his thoughts on Twitter about the performance of altcoins in the current market.
According to him, altcoins are experiencing breakouts, signaling the arrival of a bull market. This is particularly significant given that we are currently in what is often considered the “worst period of the cycle” for these digital assets.
One might wonder why certain altcoins are making significant moves. While some may attribute this to venture capitalists pumping funds into these assets, van de Poppe suggests that it’s actually indicative of a change in the market environment.
According to this famous Twitter analyst, the best period to invest in altcoins is 6-10 months prior to a Bitcoin halving event. This time frame often coincides with a period of low faith in the market, resulting in poor returns on investment (ROI). Despite this, van de Poppe argues that it’s an opportune time to invest.
As a technical analysis expert, van de Poppe uses Chainlink as an example to illustrate the market’s behavior. He notes that the asset has been in a consolidation period with minimal movement. However, he observes a pattern: a deviation beneath the lows followed by an upward breakout, with the current retest holding as support. This, he suggests, is a bullish indicator for future growth.
Final Thoughts
Michaël van de Poppe’s analysis suggests that despite the current period being labeled as the “worst” in the cycle, it may actually be the best time to invest in altcoins. With signs of a bullish market and specific indicators pointing towards future growth, now might be the time to consider diversifying your cryptocurrency portfolio.
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