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Altcoin Bear Trap Comes to an End, Parabolic Altseason May Follow

  • Crypto analyst Merlijn The Trader declares altcoin bear trap is over, signaling potential altseason.
  • He cites breakout structures akin to 2017 and momentum resembling 2021 rally.
  • Highlighted Altcoin Market Cap trajectory with breakout phases followed by exponential growth.
  • Current setup mirrors past altcoin booms, suggesting early stages of parabolic move.
  • Merlijn advises early positioning to not miss significant moves in upcoming altseason.
  • Total altcoin market cap exceeds $3.2 trillion, up 4.68% on the day, setting the stage for a major expansion.
  • Analysts and investors eager to see if breakout leads to a significant altcoin surge like previous cycles.

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