Crypto expert Michaël van de Poppe has provided insight into what to expect when the Bitcoin halving takes place on April 19. As part of his analysis, Van de Poppe suggested that attention could shift away from Bitcoin once the event happens.
A narrative shift that will take place after the halving
Van de Poppe mentioned in an X (formerly Twitter) after that the stories will change as the halving event approaches, but it is not specified what the new story will be when this happens. However, in a previous one X messagethe crypto expert laid out some of his expectations for the future crypto market, including what he expected the new narrative to be.
According to Van de Poppe, the story will shift to Ethereum (ETH) and projects that are being focused on Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA). These sectors, along with artificial intelligence (AI) and meme coins, have been projected to be among the leading stories in this bull run.
Meanwhile, the crypto expert, who so far continues to claim that altcoins are highly undervalued, expects these crypto tokens to bounce “into their Bitcoin pairs” once the halving hype passes. Moreover, Van de Poppe said that altcoins will show bullish strength from this second quarter until the summer, after which there will be a correction in the third quarter of the year.
So far the crypto expert listed ten altcoins he believes that the most price gains can be made if the altcoin season starts with full force. These tokens include Chainlink (LINK), Celestia (TIA), Arbitration (ARB), Polkadot (DOT)Kosmos (ATOM), DYDX (DYDX), WooNetwork (WOO), Sei (SEI)Skale Network (SKL) and Covalent (CQT).
Expectations for Bitcoin
In the short term Van de Poppe expected Bitcoin will experience a relief to around $70,000. However, he didn’t sound so optimistic about the long-term trajectory of the flagship crypto, predicting that Bitcoin will face a period of consolidation that he doesn’t to expect will change in the ‘coming months’.
In another X message, he said: “It’s a waiting game for Bitcoin right now as the momentum is relatively gone.” He added that he expects Bitcoin to continue “the retracement and consolidation” while altcoins will rebound in their BTC pairs during this period.
This predicted consolidation period appears to be the reaccumulation phase in Bitcoin’s halving stages, according to crypto analyst Rekt Capital. once referred. Rekt Capital takes a closer look at what this period is like stated at the time that many investors “at this stage are becoming shaken by boredom, impatience and disappointment over the lack of major results in their BTC investment in the immediate aftermath of the halving.”
Once this period is over, Bitcoin is expected to go through its “parabolic uptrend,” a phase that historically lasts just over a year, according to Rekt Capital. In line with this, it’s worth noting that most of Bitcoin’s price gains tend to fall somewhere in between six months to a year after the Bitcoin halving has taken place.
BTC price shows bullish momentum ahead of halving | Source: BTCUSD on Tradingview.com
Featured image from Yahoo Finance, chart from Tradingview.com
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