Bitcoin's 'Boring State' Could Benefit Altcoins, Ethereum a Key Contender, Analyst Says

Bitcoin's been in a rut lately and traders are growing restless as the market consolidates. However, renowned analyst Michael van de Poppe sees

Bitcoin price has been consolidating for the past few weeks, and traders are starting to get restless. However, one renowned analyst sees this lackluster price action in a positive light.

According to Michael van de Poppe, BTC’s ‘boring state’ could benefit altcoins, with Ethereum being a key contender.

Bitcoin Might Break $100K, Analyst Predicts BTC, ETH to Continue Leading Altcoin Market Rally

In a recent tweet, van de Poppe highlighted that Bitcoin is trading in a narrow range, which is typically bullish for altcoins. He also noted that BTC might break $100K, while Ethereum could surpass $3K.

"It's the boring state for #Bitcoin.

The good part is: Bitcoin goes up slightly, #Altcoins go up significantly more.

I think that we'll continue to see that.

#Bitcoin above $100K

#Ethereum above $3K"

Historically, such a sideways price trend in Bitcoin has led to massive altcoin rallies. For instance, in 2021, when BTC was consolidating around $60K, several altcoins rallied by over 100%.

Now, as Bitcoin trades above $40K, and traders patiently wait for the next leg up, altcoins are once again positioned to make significant gains.

Analyst Warns Against Shorting in a Low-Volatility Environment

While Bitcoin fiyatı might be presenting opportunities for altcoins, another analyst has cautioned against shorting in a low-volatility environment.

A technical analysis by an anonymous trader shows that markets with extreme lows in volatility have rarely rewarded short sellers before. This observation adds weight to the notion of patient investors waiting for a breakout.

"Bollinger Band width extremes (daily).

Markets with extreme lows in volatility have rarely rewarded shorts before (dotted lines / pivots).

Supports the case for patient investors."

In contrast to this analysis, Ethereum has flashed a buy signal on the TD Sequential indicator, which often marks a trend reversal.

This technical indicator, which is widely used among traders, suggests that Ethereum is ready for upward momentum in the coming sessions. Currently, the token is near key support levels, making it a good entry point for traders expecting an altcoin rally.

Economic Factors Behind Bitcoin’s Downturn

Zooming out to the broader market, several observations can be made regarding the recent downturn in Bitcoin fiyatı. One key factor that market observers are attributing this drawdown to is central banks potentially restarting quantitative easing, which could cause this decline.

As former BitMEX CEO Arthur Hayes previously suggested, the liquidity issues faced by the U.S. Treasury’s general account could also be playing a major role in a potential market downturn, especially in the first quarter, which could hurt investor sentiment.

Moreover, the lack of progress with the Strategic Bitcoin Reserve initiative under the new Trump administration has also dampened spirits among investors.

For now, Bitcoin remains in a ‘boring’ state, but analysts emphasize that such phases have historically preceded explosive moves. With altcoins bracing for potential upside, all eyes are on BTC’s next move and whether it can lead the market into a new bullish cycle.