Altcoin Market Breaking Out: Bull-Flag!

Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out.

It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week.

For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top.

Potentially exciting times ahead!