Popular crypto analyst Michaël van de Poppe sees the crypto market setting new all-time highs. Van de Poppe is a proponent of the belief Bitcoin is in a build-up phase. He imagines Ethereum and Bittensor poised for some major long-term appreciation. He further shared that analysis with his 794,400 followers on X. Most importantly, it identifies important resistance levels that should spark massive rallies as they are broken.
One last macro chart Van de Poppe is watching – the TOTAL chart. This line graph shows the total market capitalization of all digital assets, excluding stablecoins. At the time of writing, total market cap sits at $3.323 trillion. That’s just shy of its historic peak of $3.738 trillion, set in December 2024. Van de Poppe envisions the market forming a pattern of higher lows from early 2024 onwards. If so, this new pattern might be creating the first steps to a major breakout.
"Matter of time until we’re breaking upwards to a new all-time high." - Michaël van de Poppe
Van de Poppe is of the opinion that between the market sentiment and the technical setup, this is leaning towards an upward trajectory.
"Given that we’ve hit the low at $1,700 and sentiment is on the bottom, I assume we’ll break upwards, resulting in the start of the bull market." - Michaël van de Poppe
On the altcoin front, Van de Poppe is bullish on Ethereum’s future. He points out that a close above the $2,800 resistance line might trigger a significant bullish move. At the time of writing, Ethereum is $2,570.
Another AI-themed crypto project Bittensor (TAO) is similarly high on Van de Poppe’s watchlist. He believes that if TAO surpasses the $350 resistance, it could trigger a surge toward his price target of $470.
"TAO is on the edge of breaking back in the range, which would then fuel a move towards the other side of the range ($470)." - Michaël van de Poppe
As of this writing, TAO is worth $328. Van de Poppe has been expecting a strong uptrend for TAO in the coming weeks.
"I assume we’ll be starting to run up significantly in the coming weeks." - Michaël van de Poppe
Bitcoin, which is priced at $109,100 as of writing, remains another strong interest for Van de Poppe. He sees this phase in the current market as a period of distribution before a larger breakout.
"This can still be classified as the build-up phase for Bitcoin." - Michaël van de Poppe
According to Van de Poppe, a breakout from this consolidation period is long overdue. Up or down it matters not, we are in for some big price action.
"The moment it breaks out (whichever side), it’s going to be providing a big move." - Michaël van de Poppe