Bitcoin

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The altcoin market is on the brink of a significant movement, according to the latest insights from crypto analyst World of Charts. In a detailed X post, the analyst illustrated the current patterns forming within the total cryptocurrency market cap, excluding Bitcoin and Ethereum. These patterns suggest a pending breakout that could redefine market highs as heading toward the end of 2024.Currently, <a href="https://cryptotale.org/altcoins-surge-polygon-fantom-bittorrent-lead-the-charge/" rel="noopener noreferrer nofollow">altcoins</a> are consolidating within a bullish flag, signaling the potential for a strong rally. Technical patterns suggest that a decisive upward movement is imminent if the market approaches or breaches the lower trendline. The analyst remains highly optimistic about the upcoming altseason despite the market&#39;s current state.The technical analysis reveals that the market cap of these cryptocurrencies has been navigating through a descending channel. A critical resistance level near the $795 billion mark has been the focal point of recent market activities. After several attempts to surpass this threshold, a short-term pullback might occur before a significant surge.&lt;Related: <a href="https://cryptotale.org/altcoins-surge-polygon-fantom-bittorrent-lead-the-charge/" rel="noopener noreferrer nofollow">https://cryptotale.org/altcoins-surge-polygon-fantom-bittorrent-lead-the-charge/</a>The market projection shows a potential climb to new heights, following a series of bullish continuation patterns like the falling wedge and ascending triangle. These formations indicate a potential sharp increase in market value, with the total market cap poised to hit unprecedented levels by late 2025.<a href="https://cryptotale.org/altcoins-set-for-a-breakout-as-key-resistance-tested/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Altcoins Set for a Breakout as Key Resistance Tested

CryptoTale

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