Crypto analyst Merlijn The Trader has declared the altcoin bear trap officially over, suggesting a potential start of a bullish cycle.
Breakout Signals Echo Past Bull Runs
Merlijn The Trader compared the current market setup with historical cycles, highlighting similar breakout structures seen in 2017 and momentum patterns mirroring the 2021 rally. He indicated that the 'Altcoin Market Cap' trajectory features three distinct breakout phases, each followed by exponential growth.
Urging Early Positioning Before Momentum Accelerates
Merlijn emphasizes that the opportunity to engage with the altseason is now. He warns that those waiting for further confirmations may miss significant moves, stating, 'Front-run altseason now… or get left in the dust.'
Current Market Situation for Altcoins
With the total altcoin market cap exceeding $3.2 trillion and up 4.68% on the day, the technical and psychological setup appears aligned for a major expansion phase—historically occurring after bear traps. Analysts and investors will be watching closely to see if this breakout materializes into a significant surge.
In conclusion, the situation in the altcoin market is changing rapidly, with analysts predicting potential growth. It is essential to monitor the ongoing developments closely.
