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 <h2 id="altcoins-to-rally">Altcoins to Rally</h2> 
 <p>Michael van de Poppe on September 4 said “Altcoins are ready to reverse, while nobody expects it.” The bullish narrative came amid the September FUD. He earlier reported that the last time Bitcoin had a green September month was in 2016 and expects BTC price to fall this September.</p>  
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 <p>He asserts that altcoins are showing upside momentum, with breakouts happening across the crypto market. His <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> came amid bearish sentiment in the market and as most altcoins are in red in the last week.</p> 
 <p>In recent months, the markets have been moving sideways, creating boredom for traders and whales. While the overall sentiment is still that the markets are continuing to fall, he expects a recovery soon.</p> 
 <p>On the other hand, Bitcoin dominance has dropped significantly since the test of the 200-EMA. He shared a chart showing that Bitcoin dominance is in line with the previous cycles. Thus, the historical pattern hints at an upcoming rally in altcoins.</p>  
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 <p><img decoding="async" class="aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20757%20409'%3E%3C/svg%3E" alt="Bitcoin (BTC) price" width="757" height="409" data-lazy-src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F5KmIn7XMAETD1r?format=jpg&amp;name=large"> 
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 <blockquote> 
  <p>“That means that, as we’re again 8-10 months before the halving of Bitcoin, we can expect to see a surge on altcoins, rather than a downwards moving markets.”</p> 
 </blockquote> 
 <p>He predicts Bitcoin price to continue falling in September and altcoins will also fall, but a similar buying like previous correction will happen. The BTC pairs of altcoins are rebounding, a sign of strength. If that continues, altcoins will witness breakouts.</p>  
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 <p><strong>Read More: Ethereum Soars In Unique Addresses After SEC Hints At Ether ETF Approval</strong></p> 
 <h2 id="eth-price-will-rise">ETH Price Will Rise</h2> 
 <p>Michael van de Poppe also predicts ETH/BTC has bottomed and a possible reversal in price will follow. Ethereum typically has upside momentum between 252 days prior to a Bitcoin halving. The SEC is most likely to approve Ethereum ETF futures, which will confirm a massive bullish sentiment. “The bull market always start when nobody expects it and, this might be the period,” he said.</p> 
 <p><img decoding="async" class="aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20757%20409'%3E%3C/svg%3E" alt="Ethereum price" width="757" height="409" data-lazy-src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F5Kmap-XAAAqqJO?format=jpg&amp;name=large"> 
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 <p>ETH price currently trades at $1633, moving sideways in the last 24 hours. The 24-hour low and high are $1626 and $1645, respectively. Furthermore, the trading volume has increased 25% in the past 24 hours, indicating an interest among traders.</p> 
 <p><strong>Also Read:</strong></p> 
 <ul> 
  <li>XRP Lawyer Deaton Asserts Coinbase’s Partial Win Against SEC, But Crucial Than Ripple Case</li> 
  <li>Terra Luna Classic Crucial Proposal For Dynamic Minimum Commission Is Passed</li> 
  <li>Whale Again Moves Massive 4.6 Trillion Shiba Inu (SHIB), Recovery Ahead?</li> 
 </ul> 
 <p>&nbsp;</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/popular-analyst-shares-historical-pattern-indicating-altcoins-rally-tbt61460.html">https://thebittimes.com/popular-analyst-shares-historical-pattern-indicating-altcoins-rally-tbt61460.html</a></p>

Popular Analyst Shares Historical Pattern Indicating Altcoins Rally

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TheBitTimes

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