Analyst and trader Michaël van de Poppe is leaning bullish on altcoins amid a crypto market correction that resulted in digital assets worth billions of dollars getting liquidated earlier this week.
Van de Poppe tells his 771,900 followers on the social media platform X that 2025 will be a “big expansive year” and the market cap of altcoins could rise to $2.8 trillion.
“Altcoin market capitalization at $280 billion.
Within the next 12-24 months, this has likely done a 10x.”
Turning to Bitcoin (BTC), the widely followed analyst says that the flagship crypto asset has not hit a cycle peak and that the “real” bullish wave is yet to come. Van de Poppe says that Bitcoin could go up by at least 10% from the current level this month.
“Bitcoin bounced back swiftly and is currently acting within the range.
I assume we’ll see new all-time highs in February and it’s quite normal to correct after such a strong bounce.
Volatility through the roof, but, as long as Bitcoin remains above $93,000, a new all-time high is likely.”
Bitcoin is trading at $98,141 at time of writing.
Citing the example of cross-chain protocol Wormhole (W) against Bitcoin on the three-day time frame, Van de Poppe says various crypto assets are experiencing “massive bullish divergence.” A bullish divergence occurs when the price of an asset is recording lower highs while an indicator such as the Relative Strength Index (RSI) is recording higher lows.
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Author: Mark Emem
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