"It's okay, BTC is a little bit closer to breaking through $30K, but I don't know if it's going to be fast or slow."
Some analysts predict altcoins have the potential to soar if Bitcoin (BTC) climbs higher plus the cryptocurrency market has seen a bullish move lately despite the struggles of traditional markets and the banking sector.
According to crypto analyst Michael van de Poppe, BTC's successful 70% increase in the past 90 days has been the reason he believes the digital asset will break through $30,000 in the near future.
He added that BTC looks impatient to cross the $30,000 level while hinting that altcoins will rise drastically if the digital asset can reach the price mentioned by Poppe as investors will be more confident to buy and increase their crypto asset investments.
Poppe also said that investors should keep an eye on the $27,900 price level as it is an important zone for BTC.
As of this writing, BTC price has plunged by 1.84% to $27,941 in the last 24 hours with a market cap of $540 billion and has recorded a decline of around 1.11% over the last week.
While Ethereum (ETH) slipped 0.95% to the $27,941 zone in the last 24 hours, it still gained 6.18% in the last seven days and recorded a 52% gain in the last 90 days.
Meanwhile, the largest memecoin Dogecoin (DOGE) surged by 21.54% in the past seven days but fell slightly by almost 4.32% at $0.0913 in the past 24 hours with a trading volume of $1 billion.
