Altcoins Market Cap Could Surge But the Road Isn’t Straight-Forward

• Analyst highlights a specific pattern that the altcoin market has been traversing.
• Whale activity or BTC ETF rejection could mar the analyst’s prediction of an uptrend.
• Altcoin market cap is at the latter stages of forming the Wyckoff pattern, an uptrend could be oncoming.

Crypto Analyst Moustache tweeted that the altcoins market cap was following a pattern of breaking out from the descending triangle and retesting the all-time high of the previous year. Once, the previous high was reached, the altcoins had an uptrend.  Currently, as shown in the chart below, it is the pre-surge season and the analyst stated that those who listened to him would be rewarded.

Meanwhile, CoinEdition reported about a whale activity, among the many others, where 1,750 BTC were accumulated on the verge of BTC ETF being approved. It’s no…

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