Bitcoin

<div class="dailyhodl">
 A widely followed crypto analyst is keeping an eye on altcoins as Bitcoin (BTC) leads the markets with its latest break out.
 Crypto trader Michaël van de Poppe&nbsp;tells&nbsp;his 708,300 followers on the social media platform X that BTC just needs to stay above $67,000 to retest its all-time high (ATH).
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 “Bitcoin holds above crucial levels.&nbsp;
 As long as it stays above $67,000, we’ll be good to have another ATH test.
 Overall, upwards returns seem relatively skewed for Bitcoin pre-halving.”
 <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/GJv5fuAWAAAWZEU?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 $71,169 at time of writing, just shy of its ATH of $73,737 earlier this month.
 According to Van de Poppe,&nbsp;retail traders&nbsp;aren’t taking much interest in BTC at the moment.
 “Bitcoin is at an all-time high, but retail doesn’t seem to have interest.
 Altcoins are still at rock bottom levels, and yet, no interest.
 While this is the time to have interest in them, as these opportunities don’t come that often.”
 Van de Poppe also&nbsp;says&nbsp;that trading altcoins successfully comes with a “narrow window.”
 “In my opinion; the key to success is to hold your positions for a mid-long period, but also being able to compound your positions.
 Altcoins have a narrow window of success in which those profits should be swapped to BTC.”
 Looking&nbsp;specifically&nbsp;at Cosmos (ATOM), the analyst says the altcoin’s movements could be indicative of the entire altcoin market.
 “I’m pleased to see strength in ATOM.&nbsp;
 Slowly, but surely, altcoins will wake up.”
 ATOM is worth $12.45 at time of writing, up 5% in the last week.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-breaks-down-bitcoin-s-break-out-says-altcoins-will-soon-wake-up-tbt83845.html">https://thebittimes.com/crypto-trader-breaks-down-bitcoin-s-break-out-says-altcoins-will-soon-wake-up-tbt83845.html</a>

Crypto Trader Breaks Down Bitcoin’s Break Out, Says Altcoins Will Soon Wake Up

TheBitTimes

Other articles published on Mar 28, 2024

Bitcoin Cash (BCH) Price Surges 17%, Open Interest Hits $500 Million Before Halving

Dogecoin (DOGE) Open Interest Jumps Over 32% as Price Goes Bullish

Hut 8 reports 32% revenue increase amid Bitcoin rally

Smole, WIF & Bonk Investors Move To DONK.MEME As The $DONKM Token Presale Rages On

Significant Token Unlock Events in the Crypto Market

Surge in Investor Confidence: U.S. Spot Bitcoin ETFs Attract $418 Million in One Day, Led by Fide...

Join our free newsletter for daily crypto updates!