Analysts expect that this cycle of Bitcoin will be very large after the price hits an all-time high before the halving and point out that the altcoin is preparing to show outstanding form soon.

Today (March 6) Michael van de Poppe, a well-known analyst in the digital asset world, has predicted through the X platform that this cycle of Bitcoin will be very large. He stated that Bitcoin reaching an all-time high (ATH) before the halving event was unprecedented. But now it has happened. 

Yesterday, Bitcoin hit an ATH of $69,000 before dropping to $59,000 shortly after. Currently trading around $66,000, Poppe said price corrections are normal.

Poppe also predicted that Alternative coins (altcoins) are likely to outperform Bitcoin in the coming months. This week you will see that The prices of several memecoins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), have all surged, while other altcoins have also performed well.

Poppe told his followers last week that Avoid buying assets that are overvalued. along with teaching how to find a point to buy coins He advised investors that they should wait for the price to drop by about 25% before buying.