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Analysis: BTC is in a descending wedge compression pattern, awaiting a directional breakout; total market cap expansion for altcoins has not yet begun.

2026.09.19 23:49:06

Analyst NoName notes that Bitcoin has formed a descending wedge within an uptrend, with prices gradually consolidating between two downward-sloping trendlines. The key factor is not the pattern itself, but its formation location: if BTC breaks above the upper trendline and holds, the next target zone is $84,000 to $90,000. The alternative scenario is a downward sweep to $72,000 to $74,000 to secure liquidity before launching the next rally. NoName advises against rushing to predict direction; instead, traders should watch which side BTC breaks first before formulating a plan around that direction. The analyst also points out that the total market capitalization of altcoins is currently only around $1.1 trillion, meaning their real expansion has not yet begun, and the next six months will be full of surprises. If BTC reclaims its all-time high, market attention may gradually shift to Ethereum (ETH), with capital rotating further—starting from ETH, spreading to mid and small-cap altcoins and meme tokens, a phase that typically signals the onset of a bullish frenzy. Under this scenario, the total crypto market cap could surge to $10 trillion to $12 trillion.

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