Analyst names tokens that will outperform the growth of bitcoin

Michael van de Poppe, a well-known trader, believes that altcoins are ready for a massive rally in the coming months. The analyst told his 707,500 followers on the social network X that the TOTAL3 chart, which traders use to track the performance of the altcoin market, depreciated by more than 16% during the last correction.

Van de Poppe says the pullback is an integral part of a strong uptrend. «A very large-scale correction in the capitalization of the altcoin market, which is likely to break out to highs in the coming months while bitcoin consolidates.»

Earlier, Van de Poppe predicted that the total market capitalization of altcoins would reach almost $ 1 trillion. At the time of writing, TOTAL3 is trading at $ 751.125 billion.

As for bitcoin (BTC), the trader describes a scenario in which the cryptocurrency will reach its all-time high of $ 73,000 before the April halving.

As a reminder, Michael van de Poppe has identified three potential scenarios for the medium-term future of bitcoin. One of them is a correction phase. If that happens, De Poppe suggests $ 52,000 and $ 45,000 as potential support levels for bitcoin, areas where the price could find buyers and bounce back.