Top analysts are turning bullish on altcoins after new charts revealed what could be the most explosive setup since 2021.
Merlijn The Trader shared a striking chart showing the total altcoin market cap forming a cup-and-handle pattern, a classic technical structure often preceding a major breakout. He wrote, "The cup was built in blood. The handle forged in fear," calling it the "last call before the parabola."
His projection places the next expansion phase pushing total altcoin capitalization above $3 trillion, suggesting a sharp upward move if the pattern confirms.
Historical Parallels and Market Inflection Points
Adding to the momentum, trader Jake Gagain compared the current setup to previous altseasons in 2018 and 2021, each occurring roughly four years apart.
His chart shows altcoins approaching a historic inflection point versus Bitcoin, implying another rotation of capital from BTC into higher-risk assets.
Reignited Speculative Optimism
The pattern’s alignment with previous market cycles and rising liquidity expectations has reignited speculative optimism across the crypto community. If Bitcoin continues consolidating near $110K while ETF inflows stabilize, traders anticipate capital could soon flow into smaller-cap assets, mirroring previous cycles where altcoins outperformed in late-stage bull markets.
As Gagain put it: "Imagine if this happens."