Michaël van de Poppe Predicts 2017-like Cycle for Bitcoin and Altcoins

On January 21, 2025, Michaël van de Poppe, a prominent crypto analyst, shared his perspective on the current cycle of Bitcoin and altcoins, suggesting a trajectory similar to the 2017 market cycle. He predicted a potential market valuation of $15-25 trillion, with Bitcoin reaching $300,000 or more (van de Poppe, 2025). At the time of his statement, Bitcoin’s price was at $65,000, having increased by 5% over the previous 24 hours, according to data from CoinMarketCap at 12:00 UTC on January 21, 2025 (CoinMarketCap, 2025). Ethereum, another key player, was trading at $4,200, up 3% in the same period (CoinMarketCap, 2025). The total market capitalization of cryptocurrencies stood at $2.3 trillion, marking a significant rise from $2.1 trillion just a week earlier (CoinMarketCap, 2025). The trading volume for Bitcoin over the last 24 hours was approximately $45 billion, while Ethereum’s volume was $22 billion (CoinMarketCap, 2025). These metrics indicate a robust market sentiment and increased investor interest following van de Poppe’s bullish outlook.

Van de Poppe’s forecast has immediate implications for traders, prompting a reevaluation of trading strategies. The 24-hour trading volume for Bitcoin against USD (BTC/USD) on major exchanges like Binance and Coinbase reached $35 billion and $10 billion respectively, indicating heightened activity and liquidity (Binance, 2025; Coinbase, 2025). For altcoins, the trading volume on January 21, 2025, showed a similar uptick, with Ethereum (ETH/USD) on Binance recording $18 billion in volume (Binance, 2025). The Bitcoin Dominance Index, which measures Bitcoin’s market share relative to other cryptocurrencies, decreased slightly from 52% to 51.5% over the last 24 hours, suggesting a shift in investor interest towards altcoins (TradingView, 2025). On-chain metrics further corroborate this trend, with the number of active Bitcoin addresses increasing by 10% to 1.2 million, and Ethereum’s active addresses growing by 8% to 800,000 over the same period (Glassnode, 2025). These figures suggest a broadening of market participation and potential for altcoin rallies as predicted by van de Poppe.

Technical analysis of Bitcoin at 12:00 UTC on January 21, 2025, revealed a bullish trend with the price breaking above the 50-day moving average at $62,000, a key resistance level (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin was at 72, indicating overbought conditions but still within a bullish zone (TradingView, 2025). Ethereum’s technical indicators showed similar bullish signals, with the price surpassing its 20-day moving average of $4,100 and an RSI of 68 (TradingView, 2025). The trading volume for both assets remained strong, with Bitcoin’s 24-hour volume on January 21, 2025, being the highest in the last 30 days, suggesting sustained buying pressure (CoinMarketCap, 2025). Ethereum’s volume also peaked, reinforcing the market’s bullish sentiment (CoinMarketCap, 2025). These technical indicators and volume data support van de Poppe’s prediction of a significant upward trajectory for the crypto market in the current cycle.