Analyst Updates Outlook on Exploding Bitcoin Price, Says Altcoin Markets Facing a ‘Depression’

A widely followed crypto analyst is updating his outlook on Bitcoin (BTC) and the altcoin markets after a huge week of gains for the king crypto. Crypto trader Michaël van de Poppe tells his 658,100 Twitter followers that with Bitcoin dominance (BTC.D) increasing rapidly, it will likely reach a consolidation point, soon, which is good for altcoins. “Bitcoin dominance approaching next point of resistance, while Bitcoin reaches the next point of resistance as well. Probably Bitcoin will start to consolidate, so Altcoins have some period of relief approaching and can pick up pace.” Source: Michaël van de Poppe/Twitter BTC.D is