A widely followed crypto analyst is laying out his trading game plan for the time being.
Crypto trader Michaël van de Poppe tells his nearly 700,000 followers on the social media platform X his strategy for the next 1-2 months.
“The gameplan for the coming period:
– Survive a potential Bitcoin (BTC) correction, as Bitcoin is at the end of this run and probably consolidating.
– Rotate as much towards the Ethereum (ETH) ecosystem.
Hold for 1-2 months and then wait in cash until correction is over.”
With Van de Poppe favoring the altcoin markets over the coming months, the analyst says the altcoin market cap, which the trader defines as all non-BTC or ETH cryptos, could run up to a value of $1 trillion.
“The Altcoin market capitalization has barely woken up.
There’s still a lot of momentum and opportunity ahead of us, in which I suspect a rally to $800 billion – 1 trillion.”
According to the analyst, the time to invest in crypto and BTC is not when they are surging near all-time high prices.
“This is the thing with Bitcoin and Crypto.
People are not interested when something is down 80%.
They are when there are new highs.
Currently, most Altcoins are still down 50-80% from their highs and a great investment opportunity.
The right time to buy is pre-halving.”
BTC is worth $51,582 at time of writing.
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Featured Image: Shutterstock/Iryna Palmina/Natalia Siiatovskaia
The post Crypto Trader Drops Gameplan for Upcoming Months, Says Altcoins Have Barely Even Woken Up appeared first on The Daily Hodl.