In the wake of a recent crypto market correction that led to substantial asset liquidations, analyst and trader Michaël van de Poppe expresses optimism for altcoins. Van de Poppe, sharing insights with his 771,900 followers on social media platform X, anticipates that 2025 will be a pivotal year, projecting the market cap of altcoins to potentially reach $2.8 trillion.
Van de Poppe notes the current altcoin market capitalization at $280 billion and suggests that within the next 12 to 24 months, it could increase tenfold.
Meanwhile, he remains bullish on Bitcoin, stating that the leading cryptocurrency has not yet reached its cycle peak and that a significant upward trend is on the horizon. He expects Bitcoin to rise by at least 10% from its current level this month.
Van de Poppe observes Bitcoin's quick rebound and asserts its current range-bound activity. He predicts that new all-time highs could be seen by February, especially if Bitcoin stays above $93,000. At the time of writing, Bitcoin is priced at $98,141.
Highlighting the example of the cross-chain protocol Wormhole against Bitcoin over a three-day timeframe, Van de Poppe draws attention to the "massive bullish divergence" among various crypto assets. This divergence is characterized by lower highs in asset prices contrasted with higher lows in technical indicators like the Relative Strength Index (RSI).
Developed by J. Welles Wilder in 1978, the RSI is a momentum oscillator that measures the speed and magnitude of price movements, helping traders identify overbought or oversold conditions and potential trend reversals . Originally designed for commodities and stocks, its application has seamlessly transitioned to crypto markets, where rapid price changes demand real-time analysis.
For crypto traders, the RSI’s ability to quantify market sentiment offers a tactical edge. Whether spotting Bitcoin’s overbought peaks during bull runs or identifying altcoin rebounds after steep corrections, the RSI translates raw price data into actionable signals. Yet, its utility extends beyond simple buy/sell triggers—divergences, trend confirmations, and failure swings add layers of sophistication to trading strategies .
In an example given by Van de Poppe, Wormhole is currently trading at 0.00000182 BTC, equivalent to $0.179.
Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.