Bitcoin Consolidates Between $116k-$121k as Altcoins Poised to Boom, Says Van de Poppe

There is consolidation in Bitcoin, while the altcoins are starting to gain more attention compared to it. Market strategist Michaël van de Poppe (@CryptoMichNL) has highlighted this familiar pattern unfolding across the cryptocurrency markets.

Van de Poppe also stated that they should expect sharp corrections, which are desirable buy-dip situations, before going back to a bullish position until the end of the cycle.

Bitcoin Steady, Altcoins Pick Up Steam

According to Van de Poppe, Bitcoin at present is in a consolidation process, which is healthy for the market, and capital can be rotated in other altcoins. “Bitcoin consolidates, and then the altcoins are firing off,” he explained, pointing to recent gains in decentralized finance tokens and smaller-cap projects.

Such an action is usually followed by major market rallies, with investors wanting increased returns when the volatility of the BTC has lowered.

Entry Zones And Corrections

Although the outlook is encouraging, van de Poppe warns that there are going to be setbacks. Instead, he tweeted that he guessed, “We have some brutal corrections, and those are excellent buy dips.” This is because it is best to always have a disciplined entry point.

In the case of Bitcoin, in particular, the upper price range that he defines as an “ideal zone of entries” starts at the level of $112,000 and goes up to $114,000. The traders who build up in this range should be more able to set up the next leg of higher levels, he opines.

Long‑Term Bullish Bias

Van de Poppe is optimistic. To the traders, he said that, be long and happy, strengthening a long term bullish inclination.

Implications for Traders

A common way traders can track the reasoning that was shared by Van de  Poppe is to continue to track consolidation ranges in Bitcoin and allocate the capital into altcoins with early breakouts.

The traders may step up into blue-chip tokens such as Ethereum, Solana, and major layer-1 networks during the pullbacks. Corrections continue to unfold, and the potential risk and reward of buy-the-dip, into the $112k-114k BTC range, may be appealing.

As the strength of altcoins can be connected to the consolidation of Bitcoin as a pivot in this scenario, the roadmap by Van de  Poppe can serve as a middle path: fear corrections, enter into specific support areas, and be long-term bullish in the crypto space.