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 A widely followed crypto analyst is diving into Bitcoin’s (BTC) latest rally and what it could mean for the altcoin markets.
 Crypto trader Michaël van de Poppe&nbsp;tells&nbsp;his 702,100 followers on the social media platform X that BTC’s pre-halving rally is right on schedule.
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 “Bitcoin dominance continues the rally.
 To date, the pre-halving rally is still rock solid.&nbsp;
 The question is, are we going to peak pre-halving? If so, it would be the signal for Altcoins to flourish.
 What do we want to see?
 We’d like to see them bounce in their BTC pairs.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIlN5yxWQAAO7Ob?format=jpg&amp;name=4096x4096" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
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 The BTC halving refers to the quadrennial pre-programmed event where BTC mining rewards are cut in half. The next Bitcoin halving is expected for next month.
 According to the analyst, with BTC up 6.2% in the last seven days, he&nbsp;expects&nbsp;the king crypto could consolidate soon.
 “Bitcoin continues the momentum, as the inflow remains to be super positive.&nbsp;
 I’d personally be favoring some ‘consolidation’, and given the overextended technical view, I suggest we’ll still be getting it.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GInxGwtWkAAZjOl?format=png&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
 </figcaption>
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 According to Van de Poppe, a BTC correction could be “golden” for altcoins.
 “Pure technical framework for Bitcoin.&nbsp;
 – Lower volume on the rally.
 – Bearish divergence applied.
 Nothing is confirmed, yet, but after this extremely positive run, it’s potentially likely that we’re going to have a correction.
 That would be golden for Altcoins.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIoMYd-WMAAX1xK?format=png&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
 </figcaption>
 </figure>
 BTC is worth $71,065 at time of writing.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-does-a-deep-dive-into-bitcoin-s-dominance-sees-golden-opportunity-for-altcoins-to-flourish-tbt82565.html">https://thebittimes.com/analyst-does-a-deep-dive-into-bitcoin-s-dominance-sees-golden-opportunity-for-altcoins-to-flourish-tbt82565.html</a>

Analyst Does a Deep Dive Into Bitcoin’s Dominance, Sees ‘Golden’ Opportunity for Altcoins To Flourish

TheBitTimes

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