Two well-known analysts suggest that the long-awaited altcoin rally could already be underway. Wimal highlighted a recurring “double bottom” formation across the total altcoin market chart, a technical pattern that has historically preceded explosive multi-month rallies.
The chart, shared on November 8, shows identical structures from 2016 and 2020, both marking the start of previous altseasons. The latest formation, now visible in late 2025, mirrors those setups almost perfectly. “Buy any alt now,” Wimal urged, implying a potential surge into December as the market exits its accumulation phase.
THE INITIAL ALTCOINS RALLY HAS STARTED
BUY ANY ALT NOW
THANK ME IN DECEMBER. pic.twitter.com/Kn3Pp5VWBR
— Wimar.X (@DefiWimar) November 8, 2025
Cycle Position Echoes 2019–2020
Supporting this outlook, Michaël van de Poppe compared the current market structure to Q4 2019 and Q1 2020, a period when sentiment toward altcoins was extremely low, right before the last bull phase began. He noted that Bitcoin dominance recently completed its first drop of the cycle and expects a second, larger decline in the coming quarter.
Historically, a sharp fall in Bitcoin dominance has been the trigger for capital rotation into altcoins, fueling widespread rallies across mid- and low-cap assets.
Market Psychology Repeating
Analysts argue that this skepticism and disbelief among retail investors often mark the true bottom of the altcoin cycle. Van de Poppe described it as “the period where nobody believed in altcoins, right before they took off.”
If the pattern holds, the total altcoin market capitalization could be entering a new expansion phase, following nearly two years of consolidation and price compression.