Renowned analyst and trader Michaël van de Poppe predicts a significant upward surge in the crypto market.
With a social media following of 721,600 users on X, Van de Poppe anticipates that the total crypto market cap chart (TOTAL) is primed to surpass its last resistance level at $2.66 trillion.
The trader shares a chart indicating that TOTAL is on a strong uptrend supported by bullish higher-low formations.
“The overall crypto market capitalization is displaying an immensely bullish chart.
Within the next two to three months, we are poised to break the all-time high and never look back.
Exciting times ahead.”
Currently, TOTAL stands at $2.410 trillion.
Van de Poppe also analyzes the altcoin market cap using the TOTAL3 chart, which excludes Bitcoin (BTC), Ethereum (ETH), and stablecoins.
According to Van de Poppe, TOTAL3 is on track to break through the critical resistance level around $800 billion.
“While some altcoins faced a tough week, the altcoin market capitalization experienced a 4% correction.
The correction phase is over, setting the stage for a significant upward breakout above $800 billion.”
Presently, TOTAL3 is valued at $641.572 billion.
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