2 Key Factors Signaling an Early Bull Market for Bitcoin and Altcoins

A well-known crypto analyst suggests that digital assets are entering the "early phase" of a bull market.

Renowned crypto expert Michaël van de Poppe highlights two trends that signal more potential growth in the market.

According to van de Poppe, the early stage of a bull market can be identified by two key factors: many investors are still stuck in a bearish mindset, and price movements are slow and steady. He points out that while prices are gradually increasing, the upward movement is still limited. His advice: take advantage of dips and hold onto altcoins.

Van de Poppe also comments on Sui (SUI), a competitor to Solana (SOL), predicting it could drop to $1.85 before experiencing another significant breakout. He notes that SUI has recently hit a new all-time high but believes it could retrace before another rally.

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Lastly, he mentions that Bitcoin (BTC) might dip into the $50,000 range after its recent correction to around $60,000. He expects further downward testing, possibly below $59,500, before a potential recovery, attributing this to fear, uncertainty, and doubt (FUD) influencing the market.

Kosta Gushterov