A well-known cryptocurrency analyst has predicted a significant growth of the cryptocurrency market

Famous analyst and trader Michael van de Poppe believes that the cryptocurrency market is on the verge of a big jump up. Van de Poppe told his 721,600 followers on the social network X that the chart of the total market capitalization of digital assets (TOTAL) is preparing to overcome its last resistance level at $ 2.66 trillion.

The trader shares a chart showing that TOTAL is in a strong uptrend supported by bullish up-and-down setups. «The total market capitalization of cryptocurrencies is showing a massive bullish chart. Within two to three months, we will break through the all-time high and never go back. It’s going to be fun.»

At the time of writing, TOTAL is hovering around $ 2.410 trillion. Van de Poppe also looks at the market capitalization of altcoins using the TOTAL3 chart, which tracks the total valuation of cryptocurrencies excluding bitcoin, ethereum, and stablecoins.

According to the trader, TOTAL3 is on its way to overcoming a critical resistance zone at around $ 800 billion. «It was a tough week for several altcoins, but the market capitalization of altcoins experienced a 4% correction. The entire correction is over, and this is just a build-up to the next big upside breakout above $ 800 billion.»