Bitcoin Price Surge Expected as Altcoins Prepare for Bull Run

• Crypto analyst predicts massive altcoin breakout in “simple pattern.”
• Mags thinks the altcoin market valuation will reach $4 trillion by mid-2025.
• BTC heading for new ATH in a few months, analyst says.

Crypto analyst Mags forecasts a significant breakout in the altcoin market potentially triggering a “strong altcoin bull market.” 

Mags based the prediction on an altcoin market chart structure, which he divided into four sections: accumulation, first leg up, consolidation, and bull market.

#Altcoins following a simple pattern

– Accumulation
– First leg up
– Consolidation
– Bull Market

Prices have been in a consolidation phase for the past few months.

Once this consolidation ends, we are likely to see a massive breakout, leading to a strong altcoin bull market. pic.twitter.com/Il5WLQSu3Q

— Mags (@thescalpingpro) June 16, 2024

Mags shared a screenshot illustrating how the altcoin market cap has developed over the past two years, showing how it has followed a simple pattern according to the identified sections. The analyst showed that altcoins spent over one year in the accumulation stage between Q3 2022 and Q3 2023.

Furthermore, Mags showed the altc…

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