After a fairly extensive correction, the market cap of altcoins is fast recovering. As bitcoin moves back towards its recent all-time high, the altcoins are jockeying for position in order to make their own breakouts.
Altcoin market cap in bull flag
Source: Coingecko/TradingView
As bitcoin works its way back towards the top of its bull flag, the altcoins are doing a similar thing, as the market cap of all cryptocurrencies excluding $BTC (Total 2) traces a path to the top of its own bull flag. A measured move for the bull flag, although this is quite subjective, could take the combined market cap of the altcoins to $1.68 trillion, from its current $1 trillion level.
Cup and handle pattern even more bullish
Source: Coingecko/TradingView
Zooming right out into the weekly time frame, things look even more bullish for the altcoins. A cup and handle pattern is forming, with the current correction phase helping to form the handle. Should the altcoin market cap manage to break o
We współpracy z: https://cryptodaily.co.uk/2024/04/altcoins-set-for-big-move
