Renowned analyst Michael van de Poppe made a striking prediction about the future of the cryptocurrency market. He announced to his 721,600 followers on social media platform X that the total market value (TOTAL) is approaching a significant breaking point. According to Van de Poppe’s analysis, the TOTAL chart shows a strong upward trend, and the market is about to surpass the resistance level of $2.66 trillion.
Analyst’s Comments on TOTAL and TOTAL3 Charts
The current total value of the cryptocurrency market is around $2.410 trillion. Van de Poppe predicts that the cryptocurrency market will surpass its all-time high within the next two to three months. The analyst emphasized that this period is exciting and that the market will not return to previous low levels. This optimism is based on the observed upward patterns in the market value chart.
Van de Poppe examined not only the total cryptocurrency market but also the TOTAL3 chart. TOTAL3 tracks the value of cryptocurrencies excluding Bitcoin (BTC), Ethereum (ETH), and stablecoins. According to the chart, TOTAL3 is about to break the critical resistance level of $800 billion. Despite a recent 4% correction, this situation is seen as a sign of a significant upward movement.
Technical Formations and Future Predictions
During the analysis, TOTAL3’s market value was $641.572 billion. Van de Poppe noted that the past week was challenging for some altcoins, but the overall market correction is complete. He predicts that this correction will trigger a major breakout above $800 billion and a strong rally in altcoins.
If the analyst’s prediction comes true, there is a possibility of an altcoin season ahead. This situation points to a stage that cryptocurrency investors have long been anticipating. As the Bitcoin price embarks on its journey to $70,000 today, this situation has revived hopes in the cryptocurrency field. Of course, the speech made by Donald Trump on Saturday also had a significant impact on this.
