Altcoin Bear Market May Be Ending, Van de Poppe Says

Crypto analyst Michaël van de Poppe believes that the long altcoin downtrend may finally be coming to an end. After months of weakness, several altcoins are breaking above key technical levels.

Van de Poppe says around 98% of his portfolio is currently allocated to altcoins, although he does not plan to hold all of them indefinitely. His strategy is to rotate between different coins, actively trade market waves, take profits during rallies and gradually increase his Bitcoin, Ethereum and cash holdings to reduce risk.

Van de Poppe argues that bond yields are more important than headlines such as the Strait of Hormuz. If inflation continues to fall and yields decline in the US and Japan, risk appetite could return across markets and trigger a major crypto breakout.

He is particularly focused on AVAX, where he recently deployed $3,000. He plans to buy more if AVAX reclaims the $7 level or sweeps its recent low before forming a bullish divergence. He believes Avalanche’s growing real-world asset RWAUSD activity makes its current valuation attractive.