Crypto Storm Brewing: Why Prices Could be Set to Skyrocket

It may be against the prevailing view of investors who are fearful over the outcome of the ongoing US tariffs war, and poor economic indicators, but the crypto sector could be lining up for a huge surge over the next few weeks and months. Total2 primed for big surge Source: TradingView Total2 is the chart of the combined market capitalization of all the cryptocurrencies excluding $BTC . The chart shows that the descending trendline has been passed to the upside, and that a new upside phase could be in its early stages. A higher high still needs to be made above $1.1 trillion, and if this can occur, that would be the signal that the trend change is official. At the bottom of the chart, the Relative Strength Index is showing that a crossover of the indicator line with the moving average (yellow) could be about to take place. The last time this happened, back in September 2024, the resulting price surge went up nearly 100%. Bitcoin dominance could top at 66% Source: TradingView Of course, for the altcoins to really fly, Bitcoin dominance must start to reduce. Calling a top for Bitcoin dominance has been a losing pastime for many chart analysts over the last few months. However, it can be seen in the chart above that dominance is reaching the top of the ascending channel, and that the 0.786 Fibonacci is overhead at 66%. It might be imagined that if the top of the channel does not stop dominance increasing, then the last of the Fibonacci levels should put the brakes on. All this said, if crypto is to enter a bear market at the end of this year, or perhaps at the beginning of the next, any decrease in dominance would likely only be temporary, as altcoins would generally fall at a much quicker rate than Bitcoin. A select band of altcoins to accompany Bitcoin to the top? Finally, all charts aside, it does currently appear that Bitcoin could throw off its fetters and surge back to the all-time high and beyond. If it does this, it’s certainly by no means certain that the majority of altcoins will outperform, or even keep up. Things are different in this cycle, and one major difference is the sheer amount of altcoin projects that are now out there. The likelihood of there being enough money to go around and lift all boats is very slim. Even a lot of the altcoins that have been around for a few years have failed to make a case for successful adoption. Therefore, it could just be Bitcoin + a few of the top performers with the best use cases that do well in this next rally. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Crypto Daily