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International Business Times

Business

Nica Osorio

Altcoin 'Finally Going To Break Out,' Expect 50% Rally: Crypto Analyst

Crypto altcoin Bitcoin Michaël van de Poppe ETF SEC

crypto lending (Credit: Bybit/flickr.com)

KEY POINTS

The altcoin market is on the verge of breaking out from its 18-month accumulation range
The crypto market is currently in a bull cycle
Positive news on spot Bitcoin ETF applications may keep the crypto market in an uptrend

With Bitcoin (BTC) courting the $38,00 price level and the spot BTC ETF hype at its peak, the broader cryptocurrency market is anticipating a possible bull run. Investors may consider accumulating altcoins as, according to a crypto analyst, it is poised to break out and might see a 50% rally.

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