- •Altcoin market cap shows a bullish ascending triangle pattern.
- •MACD crossover signals potential momentum for an altseason.
- •Bitcoin dominance drop hints at capital rotation into altcoins.
Bitcoin’s Historic Surge Fuels Altseason Speculation
Bitcoin surges past $125,000, hitting a historic peak on October 7, 2025, the crypto market is abuzz with speculation about an impending altseason. Renowned analyst Ash Crypto (@Ashcryptoreal) has reignited the conversation with a compelling chart analysis posted on X, showcasing the Crypto Total Market Cap excluding the top 5 assets. The chart, features a bullish ascending triangle pattern and a MACD indicator hinting at a potential breakout. With the caption “Altseason is only a matter, If not. If in doubt, Zoom out,” Ash suggests that capital rotation into altcoins could be imminent, drawing parallels to past bullish cycles.
Bitcoin Dominance Signals Capital Rotation
The chart highlights a multi‑year consolidation phase, with the altcoin market cap poised for a significant upward move. The ascending triangle, a classic bullish pattern, indicates rising demand, while the MACD’s recent crossover signals strengthening momentum.
This aligns with current market trends, as Bitcoin dominance hovers between 58‑60%, suggesting a possible shift in investor focus toward altcoins like Solana and privacy coins. The highest weekly close ever for the altcoin market cap, as noted by Ash in earlier posts, further fuels optimism for an “Uptober” rally.
Key Levels to Watch for Altcoin Breakout
However, the crypto community remains divided. While some, like @Lunix and @ariyandhrup, echo the bullish sentiment, skeptics like @danslabimee dismiss it as “Bullshit.” The debate underscores the volatility and uncertainty inherent in altcoin cycles. For investors, this could be a pivotal moment to monitor key support levels and prepare for a potential surge. As the market evolves, Ash’s analysis serves as a reminder to zoom out and assess the bigger picture, especially with historical patterns suggesting explosive growth ahead.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.