Altcoin Market Hits Resistance; Analysts Suggest Buying Opportunity

The altcoin market has been experiencing significant volatility due to two major crypto liquidation events, resulting in a drop in market cap. Analysts suggest this may be an opportunity to buy the dip as altcoins face resistance at their all-time highs.

Altcoin Market Overview

The total capitalization of altcoins shows resistance at ATH levels.
Analysts like Michael van de Poppe foresee a potential pullback before breaking through resistance.
76% of the top 50 altcoins have outperformed Bitcoin over the past three months.
Despite Bitcoin's dominance appearing weak, altcoins could gain strength once BTC and Ethereum establish a price floor.

Bitcoin Dominance and Altcoin Breakout Potential

Bitcoin dominance is predicted to rise past 60.90% before declining, potentially triggering altcoin recovery.
A "cup and handle" pattern in altcoins suggests a possible parabolic rally.

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