One widely followed crypto analyst believes that digital assets are on the precipice of a new era of prosperity.
Cryptocurrency trader Michael van de Poppe told his 718,500 followers on social media platform X that good times are ahead for the market.
“This may be the last easy gathering to change your life with cryptocurrencies.
If you survived this fix and are still here, congratulations.
The times ahead are going to be great. ”
Bitcoin (BTC) rose 10% last week, with the $61,000 price range providing support for BTC's next rally, Van de Poppe said.
“Bitcoin’s key level has flipped from $60,500 to $61,000.
It seems likely that the momentum will continue from here and the trend will change.
In response, altcoins have rallied significantly as confidence returns. ”
At the time of writing, BTC was valued at $67,276, up 2.5% on the day.
As the altcoin market follows Bitcoin's lead, analysts point to one notable exception. That is Ethereum (ETH), the top altcoin by market capitalization.
“Altcoins are already waking up, but the only thing missing is ETH.
The dominance chart is facing higher timeframe resistance and is on the verge of a reversal here as there are several big events coming up for Ethereum, including exchange-traded funds and litigation. ”
ETH is trading at $3,111 at the time of writing, up 5.5% in the past 24 hours.
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