Popular trader Michaël van de Poppe predicts that altcoins are poised for significant gains in the coming months.
Altcoin Market Correction
According to van de Poppe, the recent 16% correction in the altcoin market was a healthy part of a larger uptrend. He believes that many coins have bottomed out and is seeing “a lot of strength on the altcoin market.”
Altcoin Market Cap to Hit $1 Trillion
Van de Poppe previously predicted that the total market cap for altcoins would reach $1 trillion. At the time of writing, it stands at $751.125 billion.
Bitcoin’s Path to New Highs
Van de Poppe expects Bitcoin to rally to its all-time high of $73,000 before the April halving. He believes that dips in Bitcoin’s price are buying opportunities and predicts that it will continue to rise.
At the time of writing, Bitcoin is trading at $70,242, up over 5% in the last 24 hours.
