These 3 Altcoins Could Explode If The Price Of Bitcoin Continues Its Rise

In the world of cryptocurrencies, the eyes of investors are focused Bitcoin (BTC), which is currently challenging “crucial resistance,” according to renowned cryptocurrency trader and analyst Michaël van de Poppe. In this report, we will examine the reasons behind this analysis, as well as the opportunities that may present themselves for three specific altcoins: Chainlink (LINK), Arbitrage (ARB) y BE.

Bitcoin and its upward trajectory

Van de Poppe emphasized the presence of a “serious moment” in BTC, due to the enthusiasm generated by the possibility of an exchange-traded fund (ETF). According to their projections, this momentum could lead Bitcoin to reach prices between $40,000 and $45,000. Despite warning of a bearish divergence on the chart, the analyst suggests that until BTC prints lower lows, there is no reason to worry.

The bullish pattern on Bitcoin charts, with higher lows and higher highs in recent weeks, reinforces Van de Poppe’s confidence in a possible correction to $39,000 around the halving event in April next year. At the time of writing, BTC is trading at $37,367, down 1.16% over the past 24 hours, but up 0.37% for the week, according to data from CoinMarketCap.

Altcoins targeted by investors

Aside from Bitcoin predictions, Van de Poppe shared his focus on three specific altcoins: Chainlink (LINK), Arbitrum (ARB), and SEI. Each of these altcoins has unique features that can take advantage of the overall momentum in the cryptocurrency market.

Chainlink (LINK)

Van de Poppe highlighted the current good momentum of Chainlink (LINK) and foresees the continuation of this strong support. LINK has proven to be one of the strongest altcoins and may see a significant improvement in the coming days, according to the analyst.

Arbitrage (ARB)

The analyst suggests that Arbitrage (ARB) may follow the price movements of Ethereum (ETH) in the coming days. As altcoin leader ETH continues to strengthen, ARB will see its value rise. This analysis highlights the importance of looking not only at Bitcoin but also at other leading cryptocurrencies in anticipation of market movements.

BE

Van de Poppe also points out BE, as it was noted that its price has “increased significantly.” However, he warned of possible corrections down the road. This reminder highlights the inherent volatility of cryptocurrencies and the need for caution even in times of optimism.