- Altcoins are replaying the 2015-2018 structure on a broader level, with a multi-year re-accumulation trend so far from 2018 through 2025.
- The behavior of prices indicates a possible breakout where the current action is testing the lower boundary of the long-term descending channel.
- Bitcoin is trading above $107,800, which stabilizes the general mood as altcoins come near a potential short squeeze scenario.
The broader altcoin market continues to develop a structure that closely reflects the 2015–2018 cycle, but on a wider time frame. On the current chart, altcoins appear to be exiting a prolonged downtrend marked by a multi-year re-accumulation phase that spans from 2018 to 2025. Meanwhile, Bitcoin trades at $108,969, registering a 0.8% increase in the past 24 hours, with support at $107,876 and resistance capped at $109,574.
According to analyst Sheldon Sniper, Bitcoin shows renewed strength, while altcoins outperform with exceptional momentum. Traders anticipate a significant short squeeze as market participants underestimate the current altcoin rally and its potential impact ahead.
Current Market Structure Aligns With Historical Accumulation Patterns
Altcoins have entered a new phase of structure, mirroring the cup-shaped formation seen in the 2015–2018 accumulation. The earlier cycle followed a compact accumulation and breakout, which later transitioned into a sharp vertical rally during the 2017–2018 market.
This time, the accumulation range extends across several years, forming a rounded base with consistent downtrend resistance from 2018 to mid-2025. The ongoing decline appears to have reached the bottom of this channel. Price action in the current phase is aligned with the end of re-accumulation, as identified by a breakout attempt near the lower boundary.
Altcoin Market May Face Short Squeeze Pressures
Recent trading patterns highlight growing upward pressure within altcoin pairs. Volume profiles suggest that open interest in shorts remains elevated, which could result in a short squeeze if price breaks out decisively from the current channel.
The long consolidation phase, now followed by a narrowed trading band, shows similar structure to previous breakouts. Notably, the recent bounce from the lower trendline is consistent with accumulation zones historically observed before rapid rallies.
Altcoin charts further show structural compression, with support holding firm at multiple tested levels. As the consolidation zone tightens, market participants continue watching for any definitive breakout attempt.
Bitcoin Strength Maintains Market Stability
Bitcoin’s current price action remains near resistance at $109,574, with local support forming at $107,876. Price behavior in Bitcoin has remained steady, helping to sustain broader crypto sentiment.
Although volatility has slightly declined, BTC continues trading in a narrow range just under the resistance threshold. As BTC stabilizes, altcoin price action becomes increasingly independent, driven by market-specific factors and extended cycle trends.
