- Michael van de Poppe thinks the altcoin market will continue to rally in the coming months.
- According to Poppe, the coming rally will coincide with a consolidation in Bitcoin price.
- Altcoins’ total market cap (Total 3) has maintained a classic uptrend since October last year.
Renowned cryptocurrency analyst Michael van de Poppe thinks the altcoin market will continue to rally into the coming months despite a recent correction. In a recent post on X, Poppe noted the coming rally will coincide with a consolidation in Bitcoin price.
Very healthy correction on the #Altcoin market capitalization, likely to be breaking upwards to the highs in the upcoming months, while Bitcoin consolidates. pic.twitter.com/vnnlOC6lXS— Michaël van de Poppe (@CryptoMichNL) March 24, 2024
Poppe used a screenshot of the “Total 3” weekly chart on TradingView to explain his analysis. It is a chart containing data on the total market cap of all cryptocurrencies, excluding BTC and ETH. The shared data showed that Total 3 is on an uptrend and recently formed a swing-high of $788.9 billion.
Meanwhile, Poppe’s screenshot reflected a pullback in the metric that saw it attempt …
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