- A golden cross formed in early July 2025, similar to November 2024’s setup that preceded a 71% altcoin market surge.
- Bitcoin’s trendline bounce at $84K signals strength, often followed by altcoin rallies due to liquidity rotation.
- Altcoin market cap shows higher highs and lows above $1.32T, aiming for $1.85T if bullish momentum continues.
Altcoins appear to be gaining strong momentum after a new golden cross formed. This was marked by the 50 day Simple Moving Average (SMA) crossing above the 200-day SMA, which has historically been associated with sharp rallies.
This technical formation appeared again in early July 2025, with the market cap at approximately $1.32 trillion. A similar golden cross last seen in November 2024 preceded a massive 71% surge, taking the altcoin market to a peak of nearly $1.65 trillion.
This crossover now positions the market for another potential upside run. Both moving averages, 50-day and 200-day, are aligned at $1.17 trillion, strengthening the signal. Current levels have already broken above both averages, a move often viewed as a continuation of strength.
In historical context, the post-November rally began from around $970 billion and stretched rapidly to $1.65 trillion by December 2024. This puts the next upside window near $1.85 trillion if the market follows a similar growth path.
Uptrend Builds as Bitcoin Trendline Holds Firm
The broader altcoin rally appears to follow Bitcoin’s pattern of bouncing off a long-standing trendline. As illustrated in multiple cycles, altcoin rallies tend to accelerate right after Bitcoin confirms support at this rising line.
Since early 2023, the price has rebounded off this trendline four times, February 2023, September 2023, September 2024, and most recently, March 2025. Each instance led to increased altcoin dominance.
Currently, Bitcoin trades at $118,700 after bouncing again from $84,000 in March 2025. This rebound similars earlier setups where altcoins rallied sharply after Bitcoin stabilized.
Candlestick formations at each bounce show bullish reversals, which then saw strong price recoveries. These moves are often followed by liquidity shifts from Bitcoin into the altcoin market.
Altcoin Market Cap Positioned for Continuation
The total crypto market cap excluding Bitcoin has established a short-term structure of higher highs and higher lows. The golden cross confirmation, combined with positive price behavior, shows potential for broader market expansion.
The previous 70% gain following the last crossover is a key historical reference for current momentum. If the pattern continues, the upside potential could stretch toward the $1.8–1.9 trillion range.
However, if momentum fades, support near $1.1 trillion may be tested again. According to Crypto investor Jelle, altcoins are only 18% below their all-time highs, with many showing breakout activity already.
Each of these developments supports the probability of sustained interest and movement within the altcoin segment. Overall, the formation of a golden cross, Bitcoin’s consistent trendline support, and a repeating historical setup have all aligned.
The altcoin market is now advancing past major averages, with strong upward pressure building above $1.32 trillion. These factors suggest continued activity across non-Bitcoin assets as price outlook and historical signals align.
