Trader predicts imminent crypto breakout to new highs

Michaël van de Poppe, a widely respected crypto trader, shares insights indicating that the cryptocurrency market is on the brink of new all-time highs! He updates his followers on Bitcoin, Ethereum, and Bittensor.

Exciting Predictions for the Crypto Market

Crypto trader Michaël van de Poppe is stirring up some excitement among his followers, suggesting that we’re soon going to see new record highs in the crypto market. His 794,400 followers on X, formerly known as Twitter, might want to pay close attention to what he’s saying about the TOTAL chart. This specific chart shows the market cap for all digital currencies, excluding stablecoins, and according to van de Poppe, it’s on the brink of a significant breakout after consistently posting higher lows since the start of 2024.

Total Market Cap Shows Positive Trends

Currently, the total market cap stands at $3.323 trillion, which is roughly 11% lower than its peak of $3.738 trillion recorded back in December 2024. The trend, however, seems to be rising, and van de Poppe noted, “It’s just a matter of time until we break upwards to a new all-time high.” With such optimism surrounding the total market cap, many investors are keenly watching to see how things will unfold in the coming weeks.

Bitcoin’s Potential Market Performance

Shifting the focus to Bitcoin, van de Poppe regards the leading cryptocurrency as still being in a crucial build-up phase. As Bitcoin trades at around $109,100, he suggests that significant price increases are not far off. The market has been very volatile lately, but he appears confident that the conditions are right for BTC to rally soon. The excitement is building, as traders await potential movement that could reshape the cryptocurrency landscape.

Ethereum’s Upside Potential

Van de Poppe’s insight doesn’t stop with Bitcoin; he’s also got his eye on Ethereum. For ETH to really kick off an upward momentum towards a bull market, it must first break through the resistance at $2,800. He remarks, “Once it breaks out (in either direction), it’ll trigger a major move.” Presently, Ethereum is priced at $2,570, following a dip to $1,700, which has tested market sentiment significantly.

Bittensor (TAO) Positioned for Growth

The last altcoin worth mentioning is Bittensor (TAO), an artificial intelligence-focused project that van de Poppe believes is primed for action. He forecasts that a breach of the $350 resistance could ignite a surge up to around $470. Currently trading at $328, TAO is indeed on the cusp of potentially returning to a more favourable trading range that could entice investors.

Looking Ahead to Potential Breakouts

In conclusion, the sentiment in the crypto market appears to be shifting towards a more promising outlook according to van de Poppe’s analysis. Not only Bitcoin and Ethereum, but also altcoins like TAO have caught his attention in this rapidly evolving sector. With the broader market starting to show some strength, traders will undoubtedly be looking to seize new opportunities that can arise from these potential breakouts in the near future. Keeping track of these developments could be key to staying ahead in the volatile world of cryptocurrency.

The insights of trader Michaël van de Poppe indicate a very promising outlook for the cryptocurrency market, pinpointing potential all-time highs for Bitcoin, Ethereum, and altcoins like Bittensor. Given the current trends, traders should stay vigilant as these assets may very soon experience some notable price movements that could reshape their trajectories in the coming weeks. Market conditions, hinted to be favourable, suggest that opportunities are rising in a sector defined by volatility and opportunity.