Widely followed analyst and trader Michaël van de Poppe believes that crypto is about to make a big upward move.
Van de Poppe tells his 721,600 followers on social media platform
The trader shares a chart indicating that TOTAL is in a strong uptrend, supported by bullish higher-low settings.
“The total market cap of crypto is showing a huge, bullish chart.
In two to three months we will break the all-time high and never come back.
It’s going to be fun.”
At the time of writing, TOTAL is hovering around $2.410 trillion.
Van de Poppe also looks at the market cap of altcoins using the TOTAL3 chart, which tracks the overall valuation of crypto excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.
According to the trader, TOTAL3 is on track to breach its crucial resistance area of around $800 billion.
“It’s been a tough week for several altcoins, but the market cap of altcoins has seen a 4% correction.
The whole correction is over and this is just a run-up before the next big upside breakout above $800 billion.”
At the time of writing, TOTAL3 is trading for $641.572 billion.
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Generated image: DALLE3