Rally

Coin

<ul class="news-points"> 
 <li>Michael van de Poppe predicted that altcoins may soon rally in his latest analysis.</li> 
 <li>The analyst noted that BTC’s dominance could soon face resistance from the 200-week EMA and MA lines.</li> 
 <li>At press time, the total crypto market cap stood at around $1.2 trillion after a 0.65% gain in the past 24 hours.</li> 
</ul> 
The popular crypto trader and analyst Michael van de Poppe predicted that altcoins may soon rally in his latest crypto market analysis. In this <a href="https://www.youtube.com/watch?v=2L2DIQRj-FU" target="_blank" rel="nofollow">analysis</a>, he noted that the 200-week EMA and 200-week MA lines are acting as support levels for the global crypto market cap. As a result, the analyst believes that the market has bottomed out. 
Van de Poppe also mentioned in his analysis that the collective altcoin market cap is in the process of forming a higher low, after it recently set a higher high. As a result, he forecasts that the altcoin market may post a 2-2.5X gain in the short-term. 
Historically, BTC’s rallies have been followed by altcoin prices rallying as investors and traders take their profit from BTC and inject it into the altcoin market. With this in mind, the altcoin market may soon receive a capital injection from investors given several technica…
The post <a rel="nofollow" href="https://coinedition.com/popular-analyst-forecasts-a-mini-altcoin-rally-in-coming-weeks/">Popular Analyst Forecasts a Mini Altcoin Rally in Coming Weeks</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Popular Analyst Forecasts a Mini Altcoin Rally in Coming Weeks

Coin Edition

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