- Leading crypto analyst Michaël van de Poppe recently provided insights into the cryptocurrency market’s ongoing trends.
- Van de Poppe shared that historically, September has been a bullish period for crypto markets, signaling potential gains in the coming weeks.
- He emphasized that altcoins are beginning to show signs of recovery against Bitcoin, supported by significant market indicators.
Explore the latest expert predictions on the cryptocurrency market’s potential upturn this September.
September: A Historically Bullish Month for Cryptocurrencies
Prominent crypto analyst Michaël van de Poppe highlighted in his recent social media updates that the cryptocurrency market is potentially on the verge of breaking out of its prolonged correction phase. According to Van de Poppe, September is traditionally a strong month for cryptocurrencies, with historical data pointing towards increased market activity and upward trends. This seasonal pattern could signal a turning point for the digital asset space.
Altcoins Show Signs of Recovery
Van de Poppe notes that altcoins, which have struggled against Bitcoin in recent weeks, are starting to show signs of revival. Using the TOTAL3/BTC chart, which excludes Bitcoin, Ethereum, and stablecoins, he identified a bullish divergence. This indicator suggests a possible uptrend for altcoins as they gain momentum. The TOTAL3 index tracks the market capitalization of all remaining cryptocurrencies, allowing analysts to gauge the health of the wider altcoin market effectively.
DeFi Sector Poised for Strong Performance
The decentralized finance (DeFi) sector is another area where Van de Poppe sees substantial potential growth. He pointed out that the Total Value Locked (TVL) in DeFi protocols, particularly on the Ethereum network, remains high. This metric, combined with market capitalization, indicates robust underlying value and investment potential. Van de Poppe specifically mentioned AAVE, noting its strong performance in recent weeks and indicating that breaking the $135 level could lead to significant gains.
Conclusion
In summary, as we move into September, the cryptocurrency market shows promising signs of recovery, especially within the altcoin and DeFi sectors. Historical patterns, combined with current market indicators, suggest that the next few weeks could be pivotal for digital assets. Investors and traders should watch these developments closely to capitalize on potential market movements.
