Renowned crypto analyst Michaël van de Poppe has pointed to signs of a strengthening bull market as Bitcoin enters a period of consolidation just below its all-time high.
According to van de Poppe, this type of sideways price action is typical before a major breakout.
While Bitcoin temporarily pauses, altcoins are showing significant strength, with many breaking out and continuing their upward momentum.
This shift suggests capital rotation within the market and reinforces the narrative of an ongoing altcoin season.
Van de Poppe’s analysis highlights the market’s bullish structure, characterized by healthy consolidation in Bitcoin and renewed interest in altcoins — a classic pattern in advancing crypto cycles.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/altcoins-break-out-as-bitcoin-consolidates-near-all-time-highs/