Altcoins have ‘30% to 60%’ upside if Bitcoin taps $86K: Analyst
MN Trading Capital founder Michael van de Poppe doesn’t expect Bitcoin to drop below $75,000 in the near term, even as Polymarket traders price in a different outcome.
Momentum from Bitcoin’s recent rally could spill into the altcoin market, which could see gains of as much as 60% if Bitcoin continues to rise, according to a crypto analyst.
“I think this leg has enough room to continue to $86K, and altcoins to run 30-60% from here,” MN Trading Capital founder Michael van de Poppe said on Thursday.
A move to $86,000, a level Bitcoin hasn’t seen since Jan. 28, would represent about a 10% increase from its current price of $77,890, according to CoinMarketCap data.