Crypto analyst Michaël van de Poppe has increased his exposure to altcoins, now allocating roughly 98% of his portfolio to them. This shift comes as he observes several altcoins surpassing critical technical resistance levels, suggesting the prolonged downtrend might be reversing.
Van de Poppe’s move follows months of underperformance in the altcoin sector compared to Bitcoin's relative strength. The analyst highlights that the recent price actions indicate a possible trend change, encouraging more aggressive positioning in altcoin investments.
Technical Signals and Portfolio Strategy
After a six-month period marked by Bitcoin outperforming other cryptocurrencies, many altcoins are now breaking above their key technical floors. Van de Poppe interprets these breakouts as early signs that the altcoin bear market may be concluding. His strategy involves reallocating capital into these assets to capitalize on a potential upswing.
