Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that's right, millions love us!) -- what are you waiting for? Michael van de Poppe on September 4 said "Altcoins are ready to reverse, while nobody expects it." The bullish narrative came amid the September FUD. He earlier reported that the last time Bitcoin had a green September month was in 2016 and expects BTC price to fall this September. In recent months, the markets have been moving sideways, creating boredom for traders and whales. While the overall sentiment is still that the markets are continuing to fall, he expects a recovery soon. On the other hand, Bitcoin dominance has dropped significantly since the test of the 200-EMA. He shared a chart showing that Bitcoin dominance is in line with the previous cycles. Thus, the historical pattern hints at an upcoming rally in altcoins. "That means that, as we're again 8-10 months before the halving of Bitcoin, we can expect to see a surge on altcoins, rather than a downwards moving markets." He predicts Bitcoin price to continue falling in September and altcoins will also fall, but a similar buying like previous correction will happen. The BTC pairs of altcoins are rebounding, a sign of strength. If that continues, altcoins will witness breakouts. Read More: Ethereum Soars In Unique Addresses After SEC Hints At Ether ETF Approval Michael van de Poppe also predicts ETH/BTC has bottomed and a possible reversal in price will follow. Ethereum typically has upside momentum between 252 days prior to a Bitcoin halving. The SEC is most likely to approve Ethereum ETF futures, which will confirm a massive bullish sentiment. "The bull market always start when nobody expects it and, this might be the period," he said. ETH price currently trades at $1633, moving sideways in the last 24 hours. The 24-hour low and high are $1626 and $1645, respectively. Furthermore, the trading volume has increased 25% in the past 24 hours, indicating an interest among traders.
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