- Michaël van de Poppe, founder of MN Trading, suggests altcoins are in the final stages of the bear market.
- Altcoins have been in a bear market for an extended period, dating back to 2020.
- Van de Poppe anticipates a new Bitcoin halving cycle is beginning, which historically affects altcoins.
Michaël van de Poppe, founder of MN Trading, opined that altcoins are in the final stages of the ongoing bear market as signs point to a new Bitcoin halving cycle beginning.
In a recent post on X (formerly Twitter), Van de Poppe noted this has been the longest-lasting bear period ever for altcoins, with peak prices reaching back in 2020. However, with the next Bitcoin halving approaching, he believes the tide is about to turn.
Van de Poppe pointed out that Bitcoin is starting to rally amid geopolitical tensions and increased institutional interest. Historically, altcoins bottom out a few months before Bitcoin’s halving, which cuts mining rewards.
Although crypto sentiment remains very weak currently, Van de Poppe sees an upside ahead. He highlighted that major altcoins are already showing signs of life again, while Bitcoin dominance climbs as money rotates back into crypto’s reserve asset first.
The MN Trading founder advised slowly building positions during these discouraged market conditions. He anticipates most will not recognize a new bull market is underway until sometime in the next few years.
Van de Poppe suggests that the time is ripe for savvy investors to allocate positions in cryptocurrencies, despite the prevalent perception that the market is in a downturn. While it might appear that the market is mirroring the bearish sentiment of 2019, Van de Poppe encourages investors to consider the historical precedents of 2015 and 2016.
While risks endure, Van de Poppe believes historical patterns signal that the altcoin bear period is ending. As Bitcoin reclaims its bullish momentum into the next halving, altcoins may soon follow as confidence improves.
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