Altcoins Enter 'Phase Two' as Bitcoin Approaches Turbulence Zones

A crypto analyst tracking altcoin momentum says a wave of tokens is entering what he calls 'phase two' of the altcoin cycle, breaking out of prolonged bearish ranges and posting fast, big moves.

According to his analysis, Bitcoin is approaching two turbulence zones, the high $80,000s and the low-to-mid $90,000s, and how it behaves at those levels will set the tone for altcoins broadly.

Several tokens have confirmed breakouts above both their daily trend lines and 200-day moving averages, a pattern the analyst treats as an early buy signal. Dogecoin has broken its daily trend after consolidating near its 200-day average, with resistance mapped at 12 cents and 15 cents.