Crypto analyst Merlijn The Trader has identified a 'multi-year cup and handle' pattern in altcoin charts, signaling a potential breakout phase. Bitcoin dominance is consolidating below a key trendline, a pattern that historically preceded significant altcoin rallies, such as the one in 2021. Analysts highlight that the RSI has broken its long-term downtrend, and the price structure is 'coiling,' suggesting early momentum in favor of altcoins. On-chain data and macroeconomic factors, including the upcoming FOMC meeting, are being monitored for further catalysts.
Bitcoin Dominance Consolidates as Analysts Predict Altcoin Surge
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