- Altcoin market shows bullish setup as TOTAL2 chart breaks key resistance level
- Bitcoin dominance nears historic rejection point, hinting at incoming altseason
- Lagging altcoins may surge as capital rotates following Bitcoin’s recent breakout
The altcoin market is flashing strong bullish signals as technical indicators align across multiple charts and respected analysts weigh in. With Bitcoin breaking through key resistance levels and holding new highs, market watchers are turning their attention to altcoins. These assets, which have lagged behind Bitcoin’s surge, now appear primed for a breakout.
From chart patterns like symmetrical triangles to historic Bitcoin dominance rejection points, the conditions resemble previous altseasons. If history repeats itself, the months ahead could bring dramatic gains across the altcoin landscape.
Technical Patterns Indicate Bullish Momentum
Carl Moon, a seasoned crypto analyst, highlights a major development on the TOTAL2 chart. This chart, which tracks the market cap of all altcoins excluding Bitcoin, shows a textbook “Cup and Handle” formation. The handle broke out decisively, followed by a successful retest via a falling wedge.
More significantly, the symmetrical triangle that had been forming since 2021 was tested as support and held strong. This kind of pattern, especially when paired with increasing volume, often precedes powerful rallies.
As resistance around the $1.2 trillion level was breached, the stage was set for further upside. The projected target exceeds $2.4 trillion, implying over 140% upside potential from current levels.
The #altcoin market has successfully retested this symmetrical triangle on the TOTAL2 chart!
— Carl Moon (@TheMoonCarl) July 3, 2025
Your alts are going to pump hard this year! 🚀 pic.twitter.com/qdYCSd2xFH
Bitcoin’s Lead and the Lagging Altcoin Market
Ash Crypto brings attention to the broader market structure. While Bitcoin has surged past multiple resistance zones now hovering above $109,000 altcoins remain in a consolidation phase. Historically, altcoins follow Bitcoin’s lead once it stabilizes. This cycle appears to be repeating.
The TOTAL3 chart, which excludes both Bitcoin and Ethereum, sits around $853 billion. This suggests a valuation gap between Bitcoin and the rest of the market. As Bitcoin cools, capital rotation into altcoins typically accelerates. Hence, the current lag in altcoins may soon reverse sharply.
ALTCOINS COULD EXPLODE SOON WITH BITCOIN 🚀 pic.twitter.com/8hRHumnKMx
— Ash Crypto (@Ashcryptoreal) July 3, 2025
Historical Rejection of Bitcoin Dominance Signals Altseason
Another voice echoing optimism is 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖, who tracks a custom Bitcoin dominance index. The index has again approached a long-standing resistance level near 73, which historically signals the start of altseasons.
Similar rejections in 2019, 2020, and 2021 preceded major altcoin rallies. The 2025 cycle shows a familiar setup. A potential rejection at this resistance level could trigger another capital rotation into altcoins. As dominance falls, investor confidence tends to spread across the wider crypto ecosystem.
