Michaël van de Poppe, a popular crypto strategist who’s worked for the Investment Office of the Dutch Central Bank, is projecting a multi-week altcoin bullish breakout. He points to technical indicators and a recent turn in Ethereum’s performance relative to Bitcoin as major factors fueling his bullish long-term perspective. For market analysis and trading insights, follow Van de Poppe on X (formerly Twitter). As such, he’s created a pretty darned impressive following – 786,000 users.
Van de Poppe points out weekly divergences on all coins, which is going to animal a lot of the upward momentum. He stresses the altcoin market capitalization compared to Bitcoin is still very bullish, indicating an ideal condition for altcoins to thrive.
The analyst regularly keeps an eye on TOTAL3, which is the total market cap of cryptocurrencies excluding Bitcoin, Ethereum and stablecoins. Like Bitcoin’s dominance metric, this metric helps inform users on the altcoin market’s overall health as well as its potential.
According to Van de Poppe, Ethereum has made its bullish move against Bitcoin for good. As of this writing, the ETH/BTC pair is trading at 0.0242 BTC, or about $2,515. According to van de Poppe, this change is what makes the bullish to altcoins outlook all that more bullish.
Van de Poppe’s market analysis provides plenty of context for investors looking to stay one step ahead in the fast-paced cryptocurrency sphere. His insights on technical indicators and overall market trends can help equip traders to make wiser moves. Follow his market analysis daily on X (formerly Twitter).
