A well-known analyst is sharing a potential timeline for when the altcoin markets could reach new all-time highs.

During a recent trading session, Jason Pizzino informed his 329,000 YouTube followers that he is closely monitoring the TOTAL3 chart, which tracks the total market capitalization of all cryptocurrencies except Bitcoin (BTC), Ethereum (ETH), and stablecoins.

Pizzino noted that TOTAL3 experienced a 26-month accumulation phase in the previous cycle, lasting from late 2018 to early 2021, before embarking on a parabolic rally. He believes that TOTAL3 could be following a similar pattern in the current cycle and might be just a few months away from starting a significant upward move.

“I believe we could see this happen around February, in the first quarter of 2025. If we observe the period from the fourth quarter of 2024 to the first quarter of 2025, I anticipate significant movement towards a new record high price… All the concerns about the market downturn would likely be forgotten by the fourth quarter. I am taking a bold stance on this.”

Looking at Pizzino’s chart, it appears that he predicts the total altcoin market capitalization could dip to the 50% Fibonacci level at approximately $400 billion before rebounding and surging to a new all-time high surpassing $1 trillion early next year.

As of the current moment, TOTAL3 is at around $597 billion.

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