Altseason Kicks Off with Altcoin Market Eyeing $2 Trillion Breakout by March 2025, Says Analyst

• Altcoin market cap rises to $872.13B, forming a bullish “Cup and Handle” pattern with a $2T target by March 2025.
• Critical resistance at $1T could spark a massive 181.66% growth in altcoin market capitalization if broken.
• Momentum indicators like RSI and moving averages show growing investor interest as altseason approaches.

Crypto analyst MikybullCrypto says that the altseason for this cycle has begun. According to his projections, the altcoin market is set to witness major growth between December 2024 and March 2025. The total market capitalization of altcoins, excluding Bitcoin and Ethereum, is showing strong bullish signals.

Multi-Year Accumulation Phase and Key Resistance Levels

Recent data places the altcoin market cap at $872.13 billion, a 2.06% rise, or $17.59 billion, within a short period. Historical data shows a rounded bottom structure that developed from 2022 to 2023, a prolonged accumulation phase. This phase is often the foundation for sustained upward movements.

The market is now approaching a critical resistance level at $1 trillion. Notably, this level represents both a technical and psychological barrier. Breaking above it could validate the bullish structure, setting stage for substantial growth.

Bullish Pattern Indicates Massive Upside Potential

Altcoins have formed a “Cup and Handle” pattern, which is a classic bullish continuation signal. The cup portion of this structure spans from mid-2021 to mid-2024, while the handle is forming just below the resistance zone. Once the market decisively breaks above $1 trillion, this pattern projects a potential market cap of $2 trillion, indicating an impressive 181.66% growth.

Momentum indicators further reinforce this bullish outlook. The Relative Strength Index (RSI) is steadily climbing and nearing the overbought threshold of 70. While this suggests strong momentum, it also warrants caution against temporary pullbacks. Moving averages support this positive sentiment, as recent crossovers indicate a transition from bearish to bullish trends.

Volume Growth and Potential Risks

The shift from accumulation to a markup phase is becoming evident, with increasing buying pressure in the altcoin market. Momentum indicators such as rising RSI levels underline growing investor interest. Breaking past $1 trillion could draw in more institutional and retail participants.

However, risks remain. Overbought RSI levels could lead to short-term consolidations, and macroeconomic factors might influence market movements. Monitoring momentum and external conditions will be crucial in assessing the sustainability of this growth momentum.