$BTC at $86K Could Drive 30%–60% Altcoin Gains, Analyst Says

Bitcoin News

Altcoins could post gains of between 30% and 60% if $BTC continues its current climb toward $86,000, according to MN Trading Capital founder Michaël van de Poppe.

Van de Poppe made the forecast in an X post on Thursday, saying the current leg “has enough room to continue to $86K” and that altcoins would move with it. Bitcoin wastrading at approximately $77,890 at the time, meaning a move to $86,000 would represent a roughly 10% increase, a price last seen on Jan. 28.

Van de Poppe attributed his outlook to a “V-shaped recovery” in the Nasdaq Composite, which has risen 11.31% over the past 30 days He also said it is “crucial” that Bitcoin holds above $75,000 to sustain the broader bullish case

Not all analysts share that view. Polymarket traders are currently assigning a 55% probability that $BTC drops below $75,000 by May 1. Bitcoin analyst Willy Woo described $80,000 as “a key test level” in an X post, and pseudonymous analyst Jelle said in a separate post that they are “still not sure that the bear market bottom is in.”
Despite the recent rally, $BTC remains well below its all-time high of around $126,100 reached in October. Total altcoinmarket capitalization excluding the top 10 is down 28.09% since that peak according to TradingView data, underscoring how much ground smaller assets still need to recover.
Bitwise’s head of research for Europe, Andre Dragosch, outlined three macro catalysts that he said could provide further upside for Bitcoin in an X post on Wednesday. These are: Bitcoin continuing to price out recession risk, declining interest rates despite rising inflation, and the possibility that Bitcoin catches up to global money supply levels as concerns about quantum computing “continue to fade.”
A widely held view in crypto markets holds that Bitcoin would need to reach new all-time highs first, followed by an $ETH rally, before capital rotates further down the risk curve into smaller altcoins. The total altcoin market cap outside the top 10 has seen a marginal 2.90% uptick over the past 30 days, according to TradingView.
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Source: coinmarketcap.com