Crypto Analyst Michaël van de Poppe Believes the Altcoin Bull Market Is Only Just Getting Started as Bitcoin (BTC) May Soon Print New All-Time Highs

The closely followed crypto analyst is staying bullish on altcoins like layer-1 (L1) protocol Near (NEAR).

A closely followed crypto analyst is sharing his outlook on Bitcoin (BTC) and several altcoins, including Near (NEAR), Polygon (MATIC) rival Optimism (OP), and the broader altcoin market.

The pseudonymous trader, known as TechDev, recently shared his analysis with his 445,100 followers on Twitter, starting with his view on BTC's next potential price target.

According to TechDev's analysis, Bitcoin is currently trading within a bullish technical structure, with key support at $97,844. He believes that if BTC can hold above this level, it could quickly ascend to $106,000.

“本線支撐97844，若能守住將快速推進106000。”

Bitcoin is currently trading at $101,875 at the time of writing, according to CoinGecko, after a 2% decrease in the last 24 hours.

Next, the crypto strategist is bullish on NEAR, a layer-1 blockchain protocol, and believes that it is poised for another leg up after a recent pullback.

“上衝一波，市場看起來很強勁，NEAR 輕鬆修正後續將繼續上漲。”

TechDev's chart suggests that NEAR could rally to around $15 in the next three months.

NEAR is currently trading at $7.12 at the time of writing, showing a 4.3% gain in the last 24 hours.

The trader also points out that the TOTAL3 chart is on the verge of breaking out on the weekly time frame against Bitcoin (TOTAL3/BTC).

The TOTAL3 chart tracks the market capitalization of all crypto assets excluding Bitcoin, Ethereum (ETH), and stablecoins.

“山寨幣市值除上BTC仍呈現史上最大多頭背離，此波山寨幣多頭行情遠未結束。”

A bullish divergence, which indicates that the price will start to increase, occurs when the price of an asset records lower lows, while indicators, like the Relative Strength Index (RSI), a momentum oscillator indicator, are showing higher lows.

Finally, he highlights altcoins like OP, a layer-2 scaling solution for Ethereum, which are set for another leg up after a recent pullback.

“我對此波不願獲利了結，我希望能在此波走勢中盡可能待得更久並將停損上移。

對OP而言，我希望能看到它守在1.80上，若發生此情況，我們將在接下來的周期中狂歡至4美元。”

OP is currently trading at $2.59 at the time of writing, showing an 11.3% gain in the last 24 hours.