Analyst: Altcoins Down 50-70% Against Bitcoin Present Buying Opportunities

Altcoins are down 50-70% against Bitcoin, presenting opportunities to buy the dip according to crypto trader Michaël van de Poppe.

Despite recent consolidation, the altcoin market still has room for further gains in Van de Poppe's view.

Polkadot is currently at a cycle low compared to Bitcoin, so could run up against BTC in coming months.

Ethereum is approaching support at 0.049 BTC, which Van de Poppe sees as a potential long entry point despite ongoing Ethereum FUD.

The rotation towards Ethereum over Bitcoin may soon begin according to the analyst.