Altcoins Set for Surge, Bitcoin Eyes New Record High, According to Popular Analyst
Popular trader Michaël van de Poppe suggests that altcoins are poised for significant rallies in the coming months.
According to van de Poppe, the TOTAL3 chart, monitoring the performance of the altcoin market, experienced a correction of over 16% in its recent downturn. However, he views this pullback as a natural part of a robust upward trend.
Very healthy correction on the #Altcoin market capitalization, likely to be breaking upwards to the highs in the upcoming months, while Bitcoin consolidates. pic.twitter.com/vnnlOC6lXS
— Michaël van de Poppe (@CryptoMichNL) March 24, 2024
He notes, “Very healthy correction on the altcoin market capitalization, likely to be breaking upwards to the highs in the upcoming months, while Bitcoin consolidates.”
Expressing confidence in the altcoin market, van de Poppe believes that many coins have hit their lows and observes “a lot of strength on the altcoin market.”
Analyzing weekly candles, he suggests, “it seems like we’re relatively bottoming out for most of the altcoins.”
Van de Poppe had previously forecasted that the total market capitalization for altcoins would approach nearly $1 trillion. At present, TOTAL3 is trading at $751.125 billion.
READ MORE: Glassnode Analyst Predicts Bitcoin Sell-Off Ahead of April Halving
Regarding Bitcoin (BTC), van de Poppe outlines a scenario where the cryptocurrency could rally to its all-time high around $73,000 before the April halving, a process that reduces miners’ rewards by half.
#Bitcoin continuing the pace.
Dips are there to be bought.#Bitcoin down 15-40% -> allocate funds.#Altcoins down 25-50% -> allocate funds.
If $68K continues to hold, we'll sweep the highs at the all-time high pre-halving. Still expecting a peak to be happening. pic.twitter.com/Ubw1Q3HHXC
— Michaël van de Poppe (@CryptoMichNL) March 25, 2024
“Bitcoin continuing the pace. Dips are there to be bought… If $68,000 continues to hold, we’ll sweep the highs at the all-time high pre-halving. Still expecting a peak to be happening,” he stated.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
