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Ambitious BTC, ETH, LINK and DOT predictions from the famous analyst
The crypto market is in a lush state, led by Bitcoin (BTC) as it sets its sights on an all-time high. After spot BTC was traded in exchange-traded funds (ETFs), the money flowing into the market quickly rose to almost $2.6 trillion. However, the expected rally on the altcoins side has not taken place except for memecoins such as FLOKI, DOGE and PEPE.
"As soon as Bitcoin calms down..."
Speaking to BTCHaber, renowned market analyst and founder of MN Trading Consultancy, Michaël van de Poppe, stated that he expects an altcoin rally. Saying that altcoins are at the lowest levels of the cycle in BTC parity, van de Poppe said that altcoins will start a strong rise as soon as Bitcoin calms down. The analyst stated that this scenario will take place during the Bitcoin halving period.
"Ether will reach $5K"
With Bitcoin reaching an all-time high, it is Ether's (ETH) turn, the famous analyst said, suggesting that ETH will break the current ATH level of $4,870 and reach the $5,000 level in the coming months.
Raising the possibility of many altcoins making an ATH with the rise in the price of Ether, van de Poppe claimed that Chainlink (LINK) and Polkadot (DOT) will rise between two and a half and four times.
Pre-ATH correction
Commenting on Bitcoin's price, van de Poppe stated that BTC could see corrections before rising to its all-time high (ATH). The analyst stated that macro-economic data will be behind the correction. Michaël van de Poppe stated that despite all this scenario, the situation is not bad, on the contrary, it is healthy.