A popular crypto trader, Michaël van de Poppe, predicts that the crypto market is on the verge of hitting new all-time highs. He bases this on his analysis of the total crypto market capitalization (excluding stablecoins), which he believes is ready for a significant breakout.
Total Market Cap Breakout Imminent
Van de Poppe, who boasts a large following on X (formerly Twitter), points to a series of higher lows since the start of 2024 as a bullish sign. He states that a continued upward trend in the overall market cap is inevitable, leading to new all-time highs. At the time of this writing, the total market cap stands at $3.323 trillion, down from its all-time high of $3.738 trillion reached in December 2024.
Bitcoin’s Bullish Outlook
Van de Poppe also sees Bitcoin (BTC) reaching new all-time highs. He describes the current market conditions as a “build-up phase,” anticipating a substantial price increase in the coming weeks. Bitcoin is currently trading at $109,100.
Ethereum’s Potential Surge
For Ethereum (ETH), Van de Poppe highlights the $2,800 resistance level as a key indicator. Breaking above this level, he believes, would trigger a significant price surge, marking the beginning of a bull market. He notes that the low of $1,700 and currently low market sentiment suggest an upward breakout is likely. ETH is currently priced at $2,570.
Altcoin Spotlight: Bittensor (TAO)
Finally, Van de Poppe focuses on Bittensor (TAO), an AI-focused cryptocurrency. He predicts that if TAO breaks through its resistance around $350, it could surge to his price target. He anticipates a move towards $470 if the resistance is overcome. TAO is currently trading at $328.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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