Key takeaways:
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Altcoins’ cup-and-handle sample tasks an increase to $2.78 trillion market cap, hinting at an “altcoin season.”
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Bitcoin dominance beneath key transferring averages suggests altcoins might outperform within the close to time period.
In response to crypto merchants, many altcoins are at present displaying some bullish patterns that counsel “it’s altcoin season” as Bitcoin dominance begins to drop.
Altcoins eye “phenomenal” rally to $2.78 trillion
Within the newest altcoin evaluation, standard dealer Jelle highlights a breakout from a extremely bullish continuation cup-and-handle setup forming on the TOTAL3/USD weekly worth chart.
TOTAL 3 refers back to the mixed market capitalization of all cryptocurrencies, excluding Bitcoin (BTC) and Ether (ETH).
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A break above the neckline of the sample at $1.1 trillion may push TOTAL3 up by round 100% to $1.98 trillion.
“Altcoins have damaged out from the multi-year cup and deal with!” the dealer mentioned in a Thursday put up on X, including:
“One final hurdle to beat, however as soon as this clears $1.1 trillion, all the things goes nuts.”
Veteran dealer Peter Brandt noticed an analogous setup on TOTAL2, or the mixed market capitalization of all cryptocurrencies excluding Bitcoin, on the weekly candle chart.
The measured goal of this sample goals at $2.78 trillion, or a 97% rally within the complete altcoin market cap.
Responding to the breakout, Brandt mentioned:
“It is altcoin season.”
It is altcoin season pic.twitter.com/BShKyS6PDO
— Peter Brandt (@PeterLBrandt) July 16, 2025
Jelle’s and Brandt’s bullish outlooks come as altcoins posted their strongest efficiency towards Bitcoin since late November 2024, breaking out of a multimonth downtrend as noticed by analyst Stockmoney Lizards.
Fueling the altcoin’s rally is Ether’s 24% efficiency during the last seven days, suggesting capital rotation from Bitcoin as different cryptocurrencies play catch-up.
“ETH is buying and selling at $3,400. That’s how briskly issues can go,” mentioned MN Capital founder Michael van de Poppe, including:
“These six months are going to be phenomenal for Altcoins.”
Is Bitcoin season ending?
Bitcoin dominance, or Bitcoin’s market share relative to the general crypto market, is without doubt one of the indicators generally used to point whether or not the altseason has begun. It displays total investor sentiment and danger urge for food available in the market.
This indicator had been on a downward pattern since June 27, reaching an eight-week low of 62.61% on Thursday.
As Cointelegraph reported, a number of analysts say Bitcoin’s market dominance has reached its peak as altcoins proceed pushing greater.
Widespread crypto analyst Mikybull Crypto says “Bitcoin dominance is dumping” because it breaks beneath the crucial help offered by the 50-day easy transferring common (SMA) at 64.78% and the 100-day SMA at 64.38%.
“Huge for altcoins.”
Bitcoin dominance is “breaking down barely however has a protracted strategy to go to verify a bigger turnaround is due,” mentioned Daan Crypto Trades, suggesting that it may be too early to name an altseason.
For instance, Blockchain Heart’s altcoin index has greater than tripled since June 22. However it’s nonetheless solely 39% of the highest 50 altcoins which have outperformed BTC over the past three-month interval—removed from the 75% wanted for an official altcoin season.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.
