Bitcoin and altcoins continue to experience volatile movements due to both geopolitical and macroeconomic factors.
While predicting both bullish and bearish trends for $BTC and altcoins, the latest analysis comes from expert analyst Michaël van de Poppe.
Poppe, covering Bitcoin, Ethereum, and Solana, shared his analysis from his X account.
Ethereum is a Better Investment Option Than Bitcoin!
First, he stated that Ethereum is a better investment option than Bitcoin in the future.
The analyst noted that Ethereum has been remarkably resilient despite recent declines, returning to an uptrend for the first time in a year.
In this context, Poppe added that Ethereum maintained its position without experiencing a significant drop during Bitcoin’s recent correction.
Secondly, the analyst who examined Bitcoin stated that there is still no problem with the outlook for $BTC.
According to the analyst, the $BTC price continues to trade above $60,000 despite the renewed outbreak of war in the Middle East.
At this point, the analyst stated that the critical level for $BTC is $61,000.
The analyst also said that Bitcoin has either reached its bottom or is going through an accumulation phase.
Finally, the analyst stated that he expects a correction in Bitcoin and altcoins in September/October, followed by a new major uptrend across all markets in the fourth quarter.
What’s the Situation in Solana?
Poppe recently reviewed Solana and stated that he maintains his positive outlook for $SOL.
The analyst notes that Solana is still in an uptrend, stating that the year-long downtrend against Bitcoin has been broken.
In this context, the analyst stated that he does not expect this trend to stop, and believes it is only a matter of time before the $SOL price trades above $100 again.
The analyst, who argued that $SOL should be in everyone’s portfolio, said that the situation is actually simple:
“$SOL is in an uptrend against the Dollar and $BTC.
Buy the dip when it falls 10-30% against $BTC.”
*This is not investment advice.