Crypto Trader Michaël Van de Poppe believes that Altcoins are ready for a Bull Run after a prolonged winter.
Van de Poppe says to its 784,800 subscribers on the social media platform X that three rear winds push the prices of higher cryptography.
At the top of his list, financial conditions are starting to alleviate the world, which, according to him, is very favorable to risky assets such as Altcoins and Bitcoin (BTC).
“Liquidity increases and, therefore, Bitcoin should increase …
China has started to trigger QE (quantitative softening), Europe has reduced interest rates and we are at the forefront of American interest rates and widening the money supply (or easily said: start to do the BRR printer).
It is a heaviness of risky assets and will probably start to push Bitcoin to a new summit of all time. »»
Then, Van de Poppe thinks that investors who have benefited from the Fort Rallye de Gold in recent months will begin to move their capital in crypto after the precious metal has printed a local high at $ 3,500 per ounce.
“The markets began to culminate for short -term gold. I really agree that we are on a bull market for risk assets and that there are certain windows between the two that provide windows for risk dynamics.
We are on the edge of one. This means that an asset window of 12 to 18 months to do well, because the correlation between a price of solid gold and the drop in altcoins has provided solid data.
Gold has spread massively up as RSI data (relative force index) has gone to levels not seen since 1980, while ETH has become so deep that it is on the lowest than Bitcoin on weekly and monthly data. »»
Finally, Van de Poppe says that historical data suggest that the Offshore Chinese Yuan ratio and the US dollar (CNH / USD) is closely correlated to the value of the Ethereum pair against Bitcoin (ETH / BTC).
According to the trader, CNH / USD printed the stockings in 2016 and 2019, and during these periods, ETH / BTC and the rest of the Altcoin markets sculpted the bass of the cycle before triggering huge rising gusts.
Now Van de Poppe believes that CNH / USD has made a background after the “price madness”, putting Ethereum and Altcoins in a position to finally attend a real bull race.
“Like liquidity is the key trigger of Bitcoin, it is the risk and risk appetite for altcoins, which can be provided by graphics such as CNH / USD and gold.
The Altcoin markets have just seen the longest bear of all time, which was four years. The longest long bear market took place in 2016, although it was only 2.5 years old…
The macroeconomic tables run, and I suppose that we will see the correct gold, the Chinese renminbi to turn up and the altcoins are triggered. »»
At the time of writing, the ETH / BTC pair is negotiated at 0.01894 BTC worth $ 1,798.
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