Crypto Strategist Foresees Major Market Rebound and Altcoin Surge – Here is When

Crypto strategist Michaël van de Poppe believes the digital asset market is nearing the end of its extended correction phase.

According to van de Poppe, September historically marks a bullish period for cryptocurrencies, and he expects a turnaround soon.

Van de Poppe notes that altcoins are starting to show strength against Bitcoin (BTC), indicating that the worst of the market downturn might be over. He expects Bitcoin and the broader crypto market to begin a new uptrend as the month progresses.

To back his optimistic outlook on altcoins, van de Poppe highlights a chart of TOTAL3 against Bitcoin (TOTAL3/BTC). TOTAL3 represents the market cap of cryptocurrencies excluding Bitcoin, Ethereum (ETH), and stablecoins.

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He points out a bullish divergence on the TOTAL3/BTC chart, suggesting that altcoins are poised for a significant breakout.

The only chart to watch.

TOTAL3/BTC looks absolutely great, with a massive bullish divergence.

This indicates that #Altcoins are on edge for a big breakout.

Shoutout @CryptoCapo_ pic.twitter.com/7Y6cInMa4F

— Michaël van de Poppe (@CryptoMichNL) August 15, 2024

Van de Poppe is also focusing on the decentralized finance (DeFi) sector, predicting it will be one of the top performers in the latter part of 2024.

He notes that the total value locked (TVL) in DeFi projects is high, particularly on Ethereum, and points to AAVE as a strong performer likely to surge if it surpasses the $135 mark.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.