Altcoins complete a rare triple double bottom pattern signaling a historic breakout with strong investor confidence returning.
Golden cross in moving averages and surging M2 supply support an incoming altseason with massive potential gains ahead.
Altcoin market cap above key resistance and institutional volume confirm renewed bullish momentum for a major rally soon.
The altcoin market appears to be on the verge of a historic breakout, following the completion of a powerful technical formation. Over the last decade, altcoins excluding Bitcoin have repeatedly printed a rare pattern — the double bottom. This pattern historically precedes explosive bull cycles. Currently, the third such formation has concluded, pushing the total market cap above key resistance zones. Investor confidence is returning, and data suggests a structural shift similar to previous mega bull phases.
Source: Moustache
From 2015 to 2016, the first double bottom emerged. Market cap dipped to $10 billion before rallying aggressively. Then, in 2018 and 2019, another double bottom formed. The market fell from $800 billion to $40 billion. It later exploded to over $2.1 trillion by 2021. Similarly, the third and most recent pattern developed between 2022 and 2023. Altcoin market cap dropped from $2.1 trillion to $400 billion, forming two clear bottoms separated by a brief relief rally.
Logarithmic Projections Show Pattern Consistency
Besides price action, the logarithmic chart structure confirms consistent growth in cycle highs and lows. Each cycle ended higher than the last. This shows maturing investor behavior and lower volatility. Moreover, the current breakout follows the same structure as the previous two. Hence, technical indicators support the argument for a coming altseason.
Source: TRACER
Additionally, the M2 money supply is surging. Inflation hedging has returned as a narrative. The Fed’s looming rate cuts may also provide fresh liquidity. Altcoin dominance charts show that $BTC.D has likely peaked. Historically, such peaks mark the beginning of altcoin outperformance. Consequently, the macro setup complements the technical signals.
Golden Cross Signals Bullish Continuation
Furthermore, key moving averages have flashed a golden cross. This occurred when the 100-day moving average crossed above the 200-day line in late 2024. A similar pattern was seen before the 2020-2021 bull run. Back then, altcoins pumped nearly 5,000% from their lows.
Currently, the total altcoin market cap trades around $1.1 trillion. Both moving averages show upward momentum and strong support. Volume also shows institutional and retail participation. Hence, the stars are aligning for a new altseason. Traders should prepare for what could be the biggest altcoin rally in history — with 20x to 50x moves possible.
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