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

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.