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Altcoins about to take off again? Analyst sees bullish signal!
Analyst Rekt Capital predicts altcoin rallies and Bitcoin retest to $114,000 – current market developments as of October 11, 2025.
Altcoins about to take off again? Analyst sees bullish signal!
Analyst Rekt Capital, active on Platform This comes from a recent report by Daily Hodl out. The OTHERS weekly chart, which tracks the market capitalization of cryptocurrencies outside the top 10 digital assets and stablecoins, signals potential bullish moves, especially after reclaiming support at $315 billion.
Currently, the altcoin market cap is around $322.83 billion. This increase suggests that a possible repeat recapture, similar to developments in late 2024, could be imminent. Rekt Capital specifically points to Bitcoin, which could potentially retest the $114,000 mark on the weekly chart before continuing higher.
Market development and Bitcoin
Bitcoin is showing early signs of testing $114,000 as support. At the time of writing, Bitcoin is trading at $116,975, up 1.2% on the day. Rekt Capital argues that the current Bitcoin cycle could last longer than the 2017 cycle and emphasizes that the cycle peak has not yet been reached.
Developments in the crypto market are in line with previous trends and indicate that traders and investors may be working towards a more bullish phase. It remains to be seen whether altcoins will be able to reach similar highs in the coming months as they did at the end of 2024.