Bitcoin's price has been stuck in a range between $76,000 and $82,000 for weeks, leaving investors frustrated but also creating an opportunity for the altcoin market to thrive.
According to analyst Michaël van de Poppe, the current range is not necessarily a sign of weakness, but rather a pause in the market's momentum. He believes that if Bitcoin can hold its current level and reclaim its recent highs, it could set up for a strong rally to $90,000 by June.
Van de Poppe notes that the altcoin market is showing signs of momentum, with select assets experiencing a concentrated run rather than the broad simultaneous pumping that characterizes later-stage bull market euphoria. This momentum is a sign of a phase transition, rather than just a one-off bounce.