Crypto analyst Michaël van de Poppe believes that altcoins are poised to trend higher after a prolonged period of low prices. According to Van De Poppe, the increasing number of applications for crypto exchange-traded funds (ETFs) suggests that digital assets are gaining strength.

He also references the Wall Street Cheat Sheet, which suggests that the current phase for altcoins is the "depression phase" and that prices may soon begin to rise. Van De Poppe is looking for Bitcoin to break out of its current range between $24,500 and $26,800, with a move to the top indicating a breakout and a move to the bottom indicating a discount.