Bitcoin 
$91,409 It is nice that the price has reached new all-time record prices, but most of the altcoins are stagnating. At the time of writing, BTC signaled a new upward wave with its peak of $93,644. So what are analysts’ current predictions for altcoins? When will the altcoin rallies that we are accustomed to in bull markets come?
When is Altcoin Bull?
Michael Poppe shared a comprehensive evaluation of altcoins today. According to the analyst, we have now entered the upward period in which we will see high volatility for 12 months. Moreover, altcoins are still lingering at excitingly low levels compared to the targeted peaks.
So which altcoins can be preferred? Poppe wrote:
“Memes are doing great, DePIN is waking up, DeFi is the next big thing, and then there is AI and RWA.
Most altcoin they are still accumulating, which makes it relatively easy to step into them before they go parabolic, because that’s what altcoins do. Check out the latest movements of Dino coins like XRP, XLM and Layer 1 coins like HBAR; They go ballistic and then you’re too late.
That’s why you should dive into coins that are not moving at all. Your emotional biases and appetites aside, these are the easiest to let go of. Point. In my portfolio, I allocated money to DeFi projects that I think will be the next big wave. “
Altcoins suffered significant losses in BTC parities and ETH price It lost the 8-year trend against BTC. But according to Poppe BTC It will start to consolidate and this will trigger the rise for altcoins.
“Especially when bond yields start to fall, Ethereum
$3,107 and the rest of the altcoin markets will rise at that moment. I don’t know if this will happen in November or December, but I know we’re pretty close.
It’s time to increase your risk appetite and go full risk. If memes don’t show you what can happen in your positions, I’m not sure what can. However, as I said, there are two graphs to watch:
– USD charts are currently in a 150+ day consolidation for most coins, which is significant accumulation for a breakout.
– BTC charts all show an ATL, which means either Bitcoin is overvalued or altcoins are underperforming or undervalued.”
Cryptocurrencies May Fall
Although we are in an uptrend, there may be intermediate declines in altcoins. We can compare this to the sudden and weak rises experienced while going to the bottom in the recent bear markets. As a result, the price did this with intermediate rises while going to the bottom. We will see the opposite in the rise. Nagato warned that the cumulative value of cryptocurrencies could be withdrawn.
“Total crypto- new ATH for market cap. $3.04T at the time of this writing. Still nothing on a large scale.
The worst case scenario I see right now would be a retest of the $2.83T area, the highest weekly close in 2021, before it inevitably flies out. But a bigger parabolic rise is starting. (Despite possible intermediate corrections)”
Roman Trading is known for its bearish warnings, and in its latest assessment today, it wrote that the rise will continue after the $91,600 retreat. Time will tell whether he will be right or not.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
