Bitcoin Accumulation Period Ends with Altcoin Surge Expected

The crypto market has seen a short weekend pump followed by falling prices among its popular assets. Despite this, Bitcoin is in a period of accumulation before potentially chasing higher grounds.

According to Michaël van de Poppe, Bitcoin's price actions over the past three quarters indicate that the industry may be in the middle of a heavy bearish cycle. The traditional crypto bull cycle suggests that BTC will bottom out and find its support in the $40,000 price range. However, the fact that altseason has not reached its peak yet indicates a possible final pump before the crash to bottom prices.

The analyst points out that specific altcoins are making new all-time highs or yearly highs, indicating a complete shift taking place in the markets. There is an appetite for crypto assets, and as a result, the expert reveals his list of bullish altcoins to keep an eye on.

Near Protocol's NEAR is one such asset that the analyst calls 'the most interesting AI protocol in the crypto industry at the moment.' He draws parallels with ZEC and HYPE's success and believes NEAR has no reason to be left behind. ONDO, TAO, Wormhole (W), SUI, LINK, and AAVE are also highlighted as assets that could surge parabolically once the Clarity Act comes into play.