A prominent market analyst has issued a bullish outlook for altcoins, arguing that the sector is on the verge of a generational price expansion reminiscent of gold’s historic breakout phases.
Mark Chadwick made an X post, that altcoins are approaching a moment that could redefine the broader crypto market cycle, pointing to structural similarities between current charts and past macro moves in traditional assets.
According to the analysis, gold previously followed a clear multi-year cup-and-handle formation, with repeated failed breakouts, prolonged absorption, and an eventual parabolic advance that delivered gains of roughly 250% while adding trillions in market value.
The analyst contends that Ethereum is now exhibiting an almost identical pre-breakout structure, setting the stage for a decisive upside move. If this thesis holds, altcoins are expected to rise again, consistent with historical patterns observed during prior market expansions.
However, market data suggests that any altcoin surge is closely tied to Bitcoin’s trajectory. Recent Alphractal metrics show a correlation of 87% between altcoins and Bitcoin, indicating limited price independence.
When Bitcoin declines, the market typically follows; when Bitcoin rallies, most assets tend to rise alongside it. A high correlation indicates the influence of real-time trading, supply-and-demand dynamics, high-frequency trading bots, and arbitrage across exchanges and trading pairs.
Within this environment, correlation dispersion is critical. Assets such as XRP, XLM, ADA, COMP, and KSM are highly synchronised with Bitcoin, while ENJ, 1INCH, SXP, TRX, and AXS show comparatively lower correlation, suggesting selective resistance to broader market moves.
Meanwhile, CoinMarketCap’s Altcoin Season Index reinforces the current outlook. The index is within Bitcoin Season at 27 out of 100, unchanged from yesterday and down from 31 last week.
Over the past 90 days, performance among the top 100 coins has been uneven. These signals indicate a market split between bold long-term optimism and short-term structural dependence on Bitcoin’s direction, as traders closely watch for confirmation.
Source: https://zycrypto.com/ether-xrp-bnb-solana-doge-cardano-are-about-to-have-a-generational-run-declares-expert/


