A widely followed crypto analyst believes that altcoins are witnessing an encore of the latter stages of the 2015 and 2019 bear markets.<\/p>\n
Crypto strategist Micha\u00ebl van de Poppe tells his 663,800 X followers that altcoins are likely hovering in the zone of maximum opportunity for investors with a long-term horizon.<\/p>\n
According to Van de Poppe, historical precedent suggests that altcoins tend to carve a bear market bottom eight to 10 months before the next Bitcoin (BTC<\/a>) halving, a period when traders are mostly pessimistic about their crypto holdings.<\/p>\n \u201cThe best period is 8-10 months prior to the <\/span>BTC<\/span> halving. <\/span>The period in which people have the lowest amount of confidence that their positions will continue to do well as we\u2019re in the middle of the unwind of \u2018time capitulation\u2026\u2019<\/em><\/p>\n ETH\/BTC made its cycle low in September 2019. It also bottomed in October 2015.<\/em><\/p>\n Both were exactly 252 days before the Bitcoin halving.\u201d<\/em><\/p>\n Traders keep a close watch on the Ethereum versus Bitcoin (ETH<\/a>\/BTC) chart as the pair often indicates the trend in the broader altcoin market.<\/p>\n Van de Poppe highlights that history tends to repeat itself, and he expects altcoins to emerge from their downtrend in the coming months, similar to how they escaped bear territory in 2019 and 2015.<\/p>\n \u201cMost definitely, it doesn\u2019t feel like we\u2019ll be having some strength on altcoins, but more often than not, history repeats itself. It also repeats despite any variables in the markets.<\/em><\/p>\n Right now, it\u2019s the recession fears (but how often did we get one if everyone is expecting it?). I\u2019m sure we had the same in 2015 and 2019, and I\u2019m also sure we\u2019ll be having narratives to push markets forward.<\/em><\/p>\n [Moral of the story]: sit tight if you hold bags. Buy altcoins if you haven\u2019t and hold for 2 years.\u201d Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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