Key takeaways:
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Altcoins’ cup-and-handle sample initiatives an increase to $2.78 trillion market cap, hinting at an “altcoin season.”
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Bitcoin dominance under key shifting averages suggests altcoins might outperform within the close to time period.
In line with crypto merchants, many altcoins are at the moment displaying some bullish patterns that recommend “it’s altcoin season” as Bitcoin dominance begins to drop.
Altcoins eye “phenomenal” rally to $2.78 trillion
Within the newest altcoin evaluation, widespread dealer Jelle highlights a breakout from a extremely bullish continuation cup-and-handle setup forming on the TOTAL3/USD weekly value 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 stated in a Thursday put up on X, including:
“One final hurdle to beat, however as soon as this clears $1.1 trillion, every part 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 whole altcoin market cap.
Responding to the breakout, Brandt stated:
“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 in opposition to 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 over the past 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,” stated 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 among the indicators generally used to point whether or not the altseason has begun. It displays general investor sentiment and threat 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.
Standard crypto analyst Mikybull Crypto says “Bitcoin dominance is dumping” because it breaks under the important help offered by the 50-day easy shifting common (SMA) at 64.78% and the 100-day SMA at 64.38%.
“Large for altcoins.”
Bitcoin dominance is “breaking down barely however has a protracted strategy to go to verify a bigger turnaround is due,” stated 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 last 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 includes threat, and readers ought to conduct their very own analysis when making a choice.
