- Analysts link altcoin market cycles to recurring double bottom patterns that historically preceded strong rallies in 2017 and 2021.
- Current support formed between $400B and $500B, with altcoin market now consolidating near $1.67T after an upward breakout.
- Michael van de Poppe notes Bitcoin dominance may bounce, potentially causing short term altcoin corrections before further gains.
The total altcoin market cap is displaying recurring patterns that analysts link to major expansion cycles across the past decade. Current levels near $1.67 trillion show a structure comparable to earlier phases that preceded significant rallies. Historical data shows that when altcoin market cap forms double bottoms with higher lows, re-accumulation phases often follow, setting the stage for parabolic advances.
Historical Cycles and Recurring Patterns
In 2015, the market built a double bottom formation before re-accumulation in 2016. That phase lead to a dramatic surge into 2017, when altcoin capitalization expanded from under $1 billion to above $400 billion.
Similarly, in 2018–2019, the market repeated this pattern after the bear market crash. The double bottom was followed by a re-accumulation period in 2020, which preceded a powerful 2020–2021 rally. During that cycle, altcoin market cap increased from about $30 billion to more than $1.7 trillion.
Current Structure and Earlier Expansion Phases
Analysts note that the ongoing 2022–2023 setup again produced a double bottom, with support forming between $400 billion and $500 billion. From there, the market consolidated into 2024, creating a clear re-accumulation zone.
The latest upward breakout has lifted altcoin capitalization to approximately $1.67 trillion. Analysts now point toward resistance zones between $3 trillion and $4 trillion as potential next targets if momentum continues. According to analyst El Crypto Prof, the market may be facing “the biggest Altcoin run in years,” linking the cycle to 2017, 2021, and 2025.
Bitcoin’s Role in Market Rotation
While the outlook appears constructive for altcoins, some analysts expect temporary corrections during the move higher. Michael van de Poppe explained that Bitcoin dominance may see a slight bounce before resuming its downward trend. He added that during such phases, corrections across altcoins could occur before broader momentum resumes.
This view shows the interconnected structure between Bitcoin movements and capital rotation into alternative assets. The confirmation of a breakout above $2 trillion, however, would strengthen bullish momentum across the sector, according to market observations.
