Altcoins Could See Bullish Moves, New Reports Reveal

The latest predicitons reveal the fact that the altcoins could see bullish moves ahead. Check out the latest reports about the altcoins here.

An important crypto strategist is predicting an incoming rally for the altcoin markets. It’s also important to note the fact that he believes this move will likely be triggered by a Bitcoin (BTC) breakout.

Analyst Michaël van de Poppe said that he’s keeping a close watch on the OTHERS.D chart, which tracks how much of the total market cap of crypto belongs to large-cap altcoins.

One other issue that it’s worth mentioning is the fact that Van de Poppe sees OTHERS.D dropping in the short term as he believes Bitcoin will likely take out $30,000 first before altcoins can join the rallies.

“The time for altcoins is almost there.

Bitcoin is chopping around, most likely breaking back up soon enough.

$30,000 break and ETH/BTC bounce from 0.059 (BTC worth $1,661) and altcoins can have relief.

Patience.”

A widely followed analyst believes that Bitcoin (BTC) is still on track to hit $40,000. This could reportedly happen despite the crypto king’s recent struggles to go above $30,000.

Pseudonymous crypto strategist Kaleo said recently that he thinks Bitcoin could first witness a sell-off event before rallying toward $40,000.

According to the analyst, Bitcoin will likely retest support at around $25,000 first before regaining its bullish momentum.

Regarding Ethereum (ETH), Kaleo thinks that the leading smart contract platform could also see a significant retracement alongside BTC.

We suggest that you check out the latest reports about the prices of these digital assets in our previous article. 

It’s been just revealed the fact that the hedge fund manager and macro economic expert Hugh Hendry just issued a major warning on the US banking system and the American economy as a whole.

In a new interview on Bloomberg Markets, Hendry stated the fact that the mass panic and capital flight away from the US banking sector is entirely justified.