Trader Michaël van de Poppe Predicts Crypto Market Will Reach New Record Highs
Renowned trader Michaël van de Poppe has shared his bullish outlook for the crypto market, suggesting that new all-time highs are on the horizon. With a substantial following of 794,400 users on X, he has been closely monitoring the TOTAL chart, which tracks the market cap of all digital assets excluding stablecoins.
Van de Poppe believes that TOTAL is gearing up for a significant breakout, following a pattern of higher lows since the beginning of 2024. He states, “A constant move upwards for the entire crypto market capitalization. It’s only a matter of time until we break upwards to a new all-time high.”
Currently, TOTAL is trading at $3.323 trillion, slightly down from its peak of $3.738 trillion in December 2024. Turning his attention to Bitcoin, Van de Poppe anticipates that new all-time highs are within reach for BTC, stating, “This can still be classified as the build-up phase for Bitcoin. I assume we’ll see a significant uptrend in the coming weeks.”
As of now, Bitcoin is priced at $109,100. Van de Poppe also shares his optimism for Ethereum, suggesting that ETH could experience a substantial upside breakout if it surpasses the resistance at $2,800. He comments, “The moment it breaks out, it’s poised for a significant move. Given the recent low at $1,700 and positive sentiment, I expect an upward breakout signaling the start of a bullish trend.”
At present, ETH is valued at $2,570. Van de Poppe also highlights Bittensor (TAO), an AI-focused crypto project, noting that TAO could see a significant price surge if it breaks through the resistance level around $350. He explains, “TAO is on the cusp of breaking back into the range, which could trigger a move towards $470.”
As of now, TAO is priced at $328. With Van de Poppe’s insights and analysis, investors are keeping a close watch on these key cryptocurrencies for potential growth opportunities in the market.
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