• Popular analyst Michaël van de Poppe predicts Bitcoin (BTC) is back on its way up.
• Van de Poppe believes altcoins are likely reaching the bottom of a down cycle.
• He suggests now may be a good time to short memecoin Pepe (PEPE).
Popular Analyst Predicts It’s Time for Bitcoin To Go Up
Crypto trader Michaël van de Poppe tells his 656,900 Twitter followers that Bitcoin’s time is now. Van de Poppe says his prediction is based on BTC’s reclamation of $27,200 and suggests that a higher low could lead to $29,000.
Altcoin Dominance Chart Suggesting Reaching Bottom Of Down Cycle
According to the analyst, altcoins are likely reaching the bottom of a down cycle with potential weekly bullish divergences appearing. He marked 8.20-8.65% as a potential support for altcoins and noted that they tend to bottom out one year before the halving which is approximately right now.
Memecoin Pepe (PEPE)
Van de Poppe takes a look at the latest memecoin Pepe (PEPE), suggesting it may be time to short PEPE around $0.000000850 unless $0.000001625 is reclaimed.
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