rewrite this content using a minimum of 1000 words and keep HTML tags
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.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
