Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoins-to-see-major-breakout" data-wpel-link="internal">Altcoins to See Major Breakout</a><br></p>
<p style="text-align: justify">Prominent <a href="https://en.bitcoinhaber.net/crypto-market-update-sec-actions-solanas-recovery-and-more" data-wpel-link="internal">crypto analyst</a> Michael van de Poppe has recently stirred the crypto community by asserting that many altcoins are poised for a significant surge against Bitcoin (BTC), the leading cryptocurrency by market value. He made this bold prediction on his personal X account, highlighting that the TOTAL3 chart is on the verge of a breakout against Bitcoin.</p> 
<h2 id="what-is-the-total3-chart-indicating">What is the TOTAL3 Chart Indicating?</h2> 
<p style="text-align: justify">The TOTAL3 chart, which excludes Bitcoin, Ethereum (ETH), and stablecoins, measures the market value of all other cryptocurrencies. Van de Poppe pointed to a crucial signal in this chart, suggesting that altcoins are gearing up for a major breakout. He underlined a bullish divergence with the Relative Strength Index (RSI) on the daily timeframe of the TOTAL3/BTC chart. This divergence, characterized by lower lows in price and higher lows in indicators, usually hints at an impending price rise.</p> 
<p style="text-align: justify">Moreover, Van de Poppe projected an overall better performance for the cryptocurrency market in the forthcoming months, based on historical market patterns. He noted, “The markets have been going through a rough patch in recent weeks. From September onwards, we will re-enter the most favorable period of the cycle for Bitcoin and altcoins. Bitcoin’s price is beginning to edge upwards.”</p> 
<h2 id="why-is-the-56-000-dollar-level-crucial-for-bitcoin">Why is the 56,000 Dollar Level Crucial for Bitcoin?</h2> 
<p style="text-align: justify">Van de Poppe also touched upon Bitcoin’s recent market behavior, emphasizing the importance of the 56,000 dollar level on the 12-hour timeframe to sustain its upward trajectory. He explained, “Bitcoin remains in a consolidation phase. Despite positive Consumer Price Index (CPI) <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">data</a>, we witnessed temporary market drops due to US movements in Bitcoin. As long as Bitcoin stays above the 56,000 – 57,000 dollar range, things are looking stable.”</p> 
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2> 
<p style="text-align: justify">Investors can derive practical insights from Van de Poppe’s analysis:</p> 
<ul> 
 <li>Monitor the TOTAL3 chart for signs of altcoins gaining momentum against Bitcoin.</li> 
 <li>Pay attention to bullish divergence in RSI as an indicator of potential price increases.</li> 
 <li>Track Bitcoin’s price movements around the 56,000 dollar level for broader market implications.</li> 
</ul> 
<p style="text-align: justify">These takeaways provide actionable intelligence for market participants aiming to navigate the volatile cryptocurrency landscape.</p> 
<p style="text-align: justify">In conclusion, Van de Poppe’s analysis presents a bullish outlook for altcoins and suggests that the upcoming months could be favorable for both Bitcoin and altcoins, provided certain <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">market conditions</a> are met. Investors would do well to heed these signals and adapt their strategies accordingly.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/altcoins-to-see-major-breakout" data-wpel-link="internal">Altcoins to See Major Breakout</a></h5>

Altcoins to See Major Breakout

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