Widely followed trader Michaƫl van de Poppe believes that new record highs are bound to happen for the crypto market.
The analyst tells his 794,400 followers on the social media platform X that heās keeping an eye on the TOTAL chart, which tracks the market cap of all digital assets excluding stablecoins.
According to Van de Poppe, TOTAL is gearing up for a massive breakout after printing a series of higher lows since the start of 2024.
āA constant move upwards for the entire crypto market capitalization.
Matter of time until weāre breaking upwards to a new all-time high.ā
At time of writing, TOTAL is trading at $3.323 trillion, down about 11% from its all-time high of $3.738 trillion, which it hit in December of 2024.
Turning to Bitcoin, Van de Poppe thinks that new all-time highs are in sight for BTC.
āThis can still be classified as the build-up phase for Bitcoin.
I assume weāll be starting to run up significantly in the coming weeks.āĀ
At time of writing, Bitcoin is trading at $109,100.
As for Ethereum, Van de Poppe believes that ETH could spark a huge upside burst if it takes out resistance at $2,800.
āThe moment it breaks out (whichever side), itās going to be providing a big move.
Given that weāve hit the low at $1,700 and sentiment is on the bottom, I assume weāll break upwards, resulting in the start of the bull market.āĀ
At time of writing, ETH is worth $2,570.
The last altcoin on the traderās radar is the artificial intelligence (AI)-focused crypto project Bittensor (TAO). Van de Poppe thinks TAO needs to breach its resistance at around $350 to trigger a surge to his price target.
āTAO is on the edge of breaking back in the range, which would then fuel a move towards the other side of the range ($470).ā
At time of writing, TAO is worth $328.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat ā Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin appeared first on The Daily Hodl.
āĀ Widely followed trader MichaĆ«l van de Poppe believes that new record highs are bound to happen for the crypto market. The analyst tells his 794,400 followers on the social media platform X that heās keeping an eye on the TOTAL chart, which tracks the market cap of all digital assets excluding stablecoins. According to Van
The post Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin appeared first on The Daily Hodl.Ā Altcoins, Bitcoin, Ethereum, bittensor, BTC, ETH, News, taoĀ
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.