It is a truth universally acknowledged, that a widely followed trader in possession of a good fortune must be in want of new record highs. Such is the case with the estimable Mr. Michaël van de Poppe, who, with a following of 794,400 souls on the social media platform X, has declared that the crypto market is on the cusp of a grand transformation.
Mr. van de Poppe, ever the keen observer, has his eye on the TOTAL chart, a metric that tracks the market cap of all digital assets, excluding those pesky stablecoins. He assures his followers that TOTAL is poised for a “massive breakout” after a series of higher lows since the dawn of 2024. In his own words:
“A constant move upwards for the entire crypto market capitalization. Matter of time until we’re breaking upwards to a new all-time high.”
At present, TOTAL is trading at $3.323 trillion, a mere 11% shy of its all-time high of $3.738 trillion, which it achieved in the waning days of 2024. A mere trifle, one might say.
Turning to the illustrious Bitcoin, Mr. van de Poppe opines that new all-time highs are but a stone’s throw away. He muses:
“This can still be classified as the build-up phase for Bitcoin. I assume we’ll be starting to run up significantly in the coming weeks.”
At the moment, Bitcoin is valued at $109,100, a sum that would make even Mr. Darcy blush.
As for the charming Ethereum, Mr. van de Poppe believes that ETH is on the brink of a significant upward movement, should it manage to break through the resistance at $2,800. He confides:
“The moment it breaks out (whichever side), it’s going to be providing a big move. 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.”
At the present juncture, ETH is worth $2,570, a figure that, while respectable, leaves much to the imagination.
The final altcoin to capture Mr. van de Poppe’s attention is the artificial intelligence (AI)-focused crypto project Bittensor (TAO). He believes that TAO must breach its resistance at around $350 to spark a surge towards his price target of $470. He remarks:
“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).”
At the moment, TAO is valued at $328, a sum that, while modest, holds the promise of greater things to come.
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2025-07-08 03:12