Rally

Bitcoin

Read

Partial

Shiba Inu

<div class="coingape"> 
 <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>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <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>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/04/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/04/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/04/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/04/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/03/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/03/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/03/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/03/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/03/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/03/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <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"> 
  <noscript> 
   <img decoding="async" class="aligncenter" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F5KmIn7XMAETD1r?format=jpg&amp;name=large" alt="Bitcoin (BTC) price" width="757" height="409"> 
  </noscript></p> 
 <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>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <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"> 
  <noscript> 
   <img decoding="async" class="aligncenter" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F5Kmap-XAAAqqJO?format=jpg&amp;name=large" alt="Ethereum price" width="757" height="409"> 
  </noscript></p> 
 <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> 
</div>  
<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

Table of Contents

TheBitTimes

Other articles published on Sep 4, 2023

Ethereum Supreme Court Proposed To Settle On-Chain Disputes

Blockchainreporter Weekly Crypto News Review, A Diverse Week

London Stock Exchange will develop a blockchain-based project

Is Elon Musk Eying Toward Dogecoin to Make It Payment Option for X?

How to invest in Web3 – The ultimate guide

Melega Crypto News Recap: Grayscale’s SEC Victory; NFTs As Securities; Bitboy Crypto Sacks Ben Ar...

Join our free newsletter for daily crypto updates!