"Hmm I hope so, but don't be too sure."
Michael van de Poppe, a widely followed cryptocurrency analyst told his 663,800 followers on his X account that the altcoin is about to bounce back from its recent slump.
However, altcoins are more likely to be in bearish momentum in the eight to 10 months before the BTC halving event takes place, which is a period when most are negative about crypto price movements, Poppe further commented.
Please note that traders keep a close eye on the Bitcoin (BTC) to Ethereum (ETH) trading pair chart as it often shows larger movements in the altcoin market.
Following the streak, Poppe expects altcoins to emerge from a downward trend in the coming months following previous altcoin prices successfully breaking away from bullish movements in 2019 and 2015.
There is no denying that many investors fear a recession, but Poppe is confident that the entire crypto market will soar when that event occurs.
He also encouraged investors to buy as many altcoins as possible if they don't already have them and hold the digital asset for two years.
Currently, the price of several altcoins such as Cardano (ADA) has recorded a decrease of 2.28% at $0.26 in the last 24 hours while Solana (SOL) has slipped around 1.08% at $21 with a market capitalization of $8 billion.
