Crypto analyst Michaël van de Poppe believes the altcoin market is on the verge of entering a new bull phase after enduring its longest downturn in history.
According to him, current technical signals mirror conditions seen just before the explosive rally of early 2020.
Van de Poppe highlighted what he calls “the best chart in the markets right now” – the ratio between the total altcoin market capitalization and Bitcoin. The chart, which includes the Moving Average Convergence Divergence (MACD) indicator, shows a pattern almost identical to the pre-bull setup of the previous cycle.
He explained that the ongoing weakness has tested investor patience, with most altcoins suffering through record-long drawdowns. Yet, he argues that capitulating now would be a major mistake. “Selling now is the dumbest decision ever,” he said, pointing to a series of upward signals emerging across major indicators.
The chart shared by Van de Poppe reveals that the altcoin-to-Bitcoin ratio has reached levels last seen before the 2020 breakout. The MACD line is close to crossing upward, a technical event that has historically marked the beginning of strong uptrends.
“This setup resembles the structure of Q1 and Q2 2020,” Van de Poppe explained. “Back then, the MACD turned positive, signaling the end of a long accumulation period—and what followed was a massive bull market.”
He also compared the recent altcoin crash to previous major capitulation events such as the FTX collapse and the 2020 pandemic crash. Both marked market bottoms and were followed by extended bullish recoveries.
What Could Come Next
If the pattern continues to play out, analysts expect a significant shift in market sentiment as capital rotates from Bitcoin into altcoins. Historically, this phase has triggered explosive gains across smaller assets as traders seek higher returns after Bitcoin stabilizes.
Van de Poppe’s analysis aligns with broader expectations that a new altcoin cycle could begin in late 2025 or early 2026, with early technical signals already pointing to improving momentum.
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Source: https://coindoo.com/market/altcoin-market-flashing-2020-style-bull-signal-says-crypto-expert/