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<p>The cryptocurrency market is bracing for an exciting phase as altcoins exhibit signs of a major breakout. Top analysts, including 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 and Michaël van de Poppe, suggest that altcoins might outperform Bitcoin in the coming months.&nbsp;</p>
<p>Moreover, this development comes amid a crucial holding pattern for Bitcoin, needing to breach the $70,000 mark for an upward momentum. The market’s behaviour mirrors the 2020 structure, hinting at a potentially parabolic movement ahead.</p>
<h2 class="wp-block-heading" id="strong-altcoins-gaining-momentum-strong"><strong>Altcoins Gaining Momentum</strong></h2>
<p>Michaël van de Poppe emphasized the promising range-bound price action in the altcoin market capitalization. He <a href="https://x.com/CryptoMichNL/status/1797281517019832758" target="_blank" rel="noopener noreferrer nofollow">noted</a>, <em>“Nice range-bound price action for the #Altcoin market capitalization before the next breakout upwards and a new all-time high.”</em> This suggests a poised breakout, potentially leading altcoins to new heights.</p>
<p>Similarly, 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 <a href="https://x.com/el_crypto_prof/status/1797545183422415015" target="_blank" rel="noopener noreferrer nofollow">shared insights on the market structure</a>, highlighting the parallels with 2020.</p>
<p><em>“$BTC Looks like we’re in for the most exciting months of the cycle. So far, the Totalmarketcap has copied the structure of 2020 almost perfectly. Parabola next? I wouldn’t mind and neither would you, would you?”</em> This anticipation of a parabolic movement reflects the optimism surrounding the altcoin market.</p>
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<p>Read also: <a href="https://captainaltcoin.com/is-ripple-dead-xrp-price-trades-sideways-at-0-5-for-months/" target="_blank" rel="noopener noreferrer nofollow">Is Ripple Dead? XRP Price Trades Sideways At $0.5 for Months</a></p>
<h2 class="wp-block-heading" id="strong-bitcoin-s-critical-threshold-strong"><strong>Bitcoin’s Critical Threshold</strong></h2>
<p>Bitcoin’s performance remains crucial for the overall market sentiment. Michaël van de Poppe <a href="https://x.com/CryptoMichNL/status/1797534936905261407" target="_blank" rel="noopener noreferrer nofollow">pointed out</a>, <em>“Crucial area continues to hold for #Bitcoin. Needs to break $70K for serious upwards momentum.”</em>&nbsp;</p>
<p>While BTC holds a pivotal support level, its struggle to break past $70,000 contrasts with the stronger performance of altcoins. This disparity suggests a shift in market dynamics favouring altcoins.</p>
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<p>Moreover, the sustained breakout behaviour of altcoins indicates a potential lead in market movements. Van de Poppe added, <em>“Overall; #Altcoins are breaking out in a stronger manner than Bitcoin, which potentially triggers the time for altcoins is now.”</em> This trend underscores the rising dominance and investor interest in altcoins.</p>
<h2 class="wp-block-heading" id="strong-key-trendlines-and-market-signals-strong"><strong>Key Trendlines and Market Signals</strong></h2>
<p>The importance of historical trendlines in the altcoin market cannot be overstated. The analyst Moustache <a href="https://x.com/el_crypto_prof/status/1797624579395039437" target="_blank" rel="noopener noreferrer nofollow">highlighted a crucial trendline for altcoins</a>, noting its significance for over seven years. He suggested that ETH/BTC potentially reclaiming this trendline indicates a bullish phase for altcoins, implying that the recent dip might have been a mere fakeout.</p>
<p>Additionally, the analyst observed, <em>“Looks to me like ETH/BTC wants to reclaim this line now. If so, then it was just a fakeout (which I strongly believe). Send everything soon?”</em> This optimism about ETH/BTC reclaiming the trendline could lead to an altcoin rally, reinforcing the bullish sentiment among investors.</p>
<p>The crypto market is on the verge of a pivotal moment, with altcoins showing stronger breakout tendencies compared to Bitcoin. Analysts highlight the structural similarities with previous bullish cycles, suggesting a potential parabolic movement. Bitcoin’s struggle to break the $70,000 threshold contrasts with the rising momentum in altcoins, hinting at a possible shift in market dynamics.</p>
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<p>The post <a href="https://captainaltcoin.com/altcoin-supercycle-ignites-experts-spot-key-pattern-predict-parabolic-rise-as-bitcoin-btc-hesitates-at-70k/" rel="noopener noreferrer nofollow">Altcoin Supercycle Ignites: Experts Spot Key Pattern, Predict Parabolic Rise as Bitcoin (BTC) Hesitates at $70K</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Altcoin Supercycle Ignites: Experts Spot Key Pattern, Predict Parabolic Rise as Bitcoin (BTC) Hesitates at $70K

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