Analyst Michaël van de Poppe stated that Bitcoin reaching a new all-time high above $73,000 before the halving event is a strong signal.
According to Van de Poppe, BTC has almost 4x gain potential before reaching the top of the cycle. However, according to the analyst, there are important resistance levels to be overcome, and overcoming these resistances may enable everything to move in a more positive direction.
According to Van de Poppe, it may be possible for Bitcoin to reach up to $300,000 by the end of this cycle.
Additionally, stating that investors ignore the potential of the rest of the crypto market by focusing only on Bitcoin, the strategist believes that the price decline in altcoins is an opportunity and believes that new peaks are possible with the halving.
For example, sectors such as the Ethereum ecosystem, DePIN (decentralized physical infrastructure networks) and RWA (real world assets) have bullish potential.
While DePIN aims to operate and maintain physical infrastructures such as energy grids using blockchain technology, RWA refers to the tokenization of real-world assets such as stocks, commodities, and real estate.
Van de Poppe also updated his commentary on the TOTAL3 chart, which tracks the market cap of all altcoins except Ethereum (ETH) and stablecoins. According to the analyst, TOTAL3 continues to show strong signs after a weekly close above $700 billion.
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