A Crypto Analyst Predicts Altcoins are Ready for a Bullish Run
A well-known crypto analyst, Michaël van de Poppe, believes that altcoins are gearing up for a significant surge in the coming months. According to him, the TOTAL3 chart, which tracks the total market cap of all cryptocurrencies except Bitcoin (BTC) and Ethereum (ETH), has shown a bullish higher low setup at around $450 billion. Van de Poppe suggests that altcoins could potentially double in value in the near future.
Van de Poppe also predicts that Bitcoin will experience a rally to the $48,000 to $50,000 range prior to its halving in April. Following this rally, he expects Bitcoin to correct down to $38,000, which will create an opportunity for altcoins to outperform BTC.
In addition, Van de Poppe highlights API3 as a potential winner among altcoins. He states that the decentralized oracle provider is gaining momentum and could reach a price range of $4.60 to $4.80 as long as it maintains support around $2.50.
As of now, API3 is trading at $3.14.
Hot Take: Altcoins Poised for a Strong Rally
Crypto analyst Michaël van de Poppe’s predictions suggest that altcoins are on the verge of a significant surge in value. With the TOTAL3 chart showing a bullish setup, altcoins could potentially double in the coming months. Van de Poppe also anticipates a rally for Bitcoin before its halving, followed by a correction that would give altcoins room to outperform BTC. Additionally, he highlights API3 as a promising altcoin with the potential to reach a price range of $4.60 to $4.80. These predictions provide an optimistic outlook for altcoin investors and indicate that the crypto market may be entering a new phase of growth.
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