Analyst and trader Michaël van de Poppe is leaning bullish on altcoins amid a crypto market correction that resulted in digital assets worth billions of dollars getting liquidated earlier this week.
Van de Poppe tells his 771,900 followers on the social media platform X that 2025 will be a “big expansive year” and the market cap of altcoins could rise to $2.8 trillion.
“Altcoin market capitalization at $280 billion.
Within the next 12-24 months, this has likely done a 10x.”
Turning to Bitcoin (BTC), the widely followed analyst says that the flagship crypto asset has not hit a cycle peak and that the “real” bullish wave is yet to come. Van de Poppe says that Bitcoin could go up by at least 10% from the current level this month.
“Bitcoin bounced back swiftly and is currently acting within the range.
I assume we’ll see new all-time highs in February and it’s quite normal to correct after such a strong bounce.
Volatility through the roof, but, as long as Bitcoin remains above $93,000, a new all-time high is likely.”
Bitcoin is trading at $98,141 at time of writing.
Citing the example of cross-chain protocol Wormhole (W) against Bitcoin on the three-day time frame, Van de Poppe says various crypto assets are experiencing “massive bullish divergence.” A bullish divergence occurs when the price of an asset is recording lower highs while an indicator such as the Relative Strength Index (RSI) is recording higher lows.
Wormhole is trading at 0.00000182 BTC ($0.179) at time of writing.
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