Crypto analyst Merlijn The Trader believes the next major altcoin supercycle could already be underway.
In a new post on X, he highlighted that altcoins are flashing a “cycle-level bottom”, a rare technical setup that has historically preceded explosive market expansions.
According to Merlijn, this is only the third bullish MACD cross on the Altcoin vs Bitcoin monthly chart in the last eight years. The previous two, in 2018 and 2020, both marked the beginning of massive altcoin rallies that culminated in the 2021 peak, when Ethereum, Solana, and other top Layer-1s reached record valuations.
“This is how generational trades begin, before the noise, before the hype,” he wrote, suggesting that current price levels may represent a once-in-cycle accumulation window.
A Repeating Pattern
The accompanying chart shows three critical moments of momentum reversal between altcoins and Bitcoin. Each cross in the MACD (Moving Average Convergence Divergence) indicator coincided with a structural shift in capital rotation, from Bitcoin dominance into the broader altcoin market. The 2025 signal, appearing at a similar position to those prior cycles, implies that altcoins may be poised for a multi-year resurgence.
Context and Market Reaction
The call comes amid renewed optimism following Bitcoin’s rebound above $109,000 and easing global macro risks. If history rhymes, analysts argue that the next few months could see liquidity rotating from Bitcoin into high-beta altcoins such as Ethereum, Solana, and Avalanche.
While many traders remain cautious after a year of underperformance across non-BTC assets, Merlijn’s post underscores growing sentiment that the altcoin winter may be ending.
If his cycle model holds true, 2025 could mark the early stages of the next altcoin supercycle, “before the noise, before the hype.”
