Michael van de Poppe, a well-known trader who follows the market closely, believes new records are sure to be set for crypto.
The analyst informs his 794.400 followers via the social media platform X he is keeping an eye out on the TOTAL graph, which shows the total market capitalization of digital assets excluding the stablecoins.
Van de Poppe believes TOTAL has been preparing for a major breakout since 2024.
It’s only a matter of time before we reach a new high.
TOTAL’s current trading price is $3.323 trillion. This represents a drop of about 11% compared to its previous high, $3.738 trillion in December 2024.
Van de Poppe believes that Bitcoin is on the verge of new highs.
This can be classified still as the building-up phase of Bitcoin.
“I assume that we will be running up in the next few weeks.”
Bitcoin was trading for $109,100 at the time this article was written.
Van de Poppe, a cryptocurrency expert, believes that Ethereum could experience a massive upswing if it breaks through the resistance level of $2,800.
Since we have hit the bottom at $1700, and the sentiment is low, I expect that the market will break upward, leading to the beginning of the bull run.”
As of the time this article was written, ETH’s value is $2,570.
Bittensor, a crypto-project focusing on artificial intelligence (AI), is the last altcoin that traders are watching. Van de Poppe believes TAO must break its resistance around $350 in order to reach his target price.
TAO’s current value is $328.
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The post Updates on Bitcoin, Ethereum, and One Other Altcoin, Trader Suggests It’s Only a Matter of Time before Crypto Climbs New All-Time Heights, may change as new information becomes available.
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