Analysis: BTC descending wedge compression awaits a breakout, altcoin total market cap expansion has yet to begin.

BlockBeats news, September 19 — Analyst NoName pointed out that Bitcoin has formed a falling wedge within an uptrend, with price gradually compressing between two descending trendlines. The key is not the pattern itself, but where it forms. If BTC breaks above the upper trendline and holds, the next area of focus is $84,000 to $90,000; in another scenario, price first sweeps down to $72,000 to $74,000 to capture liquidity, then launches the next leg up from there. NoName advises against rushing to guess the direction, and suggests first observing which side BTC chooses, then building a plan around that direction.

The analyst also believes that the total market cap of altcoins is currently only about $1.1 trillion, and true expansion has not yet begun, with the next six months likely to be full of surprises. If BTC breaks its all-time high again, market attention may gradually shift to ETH, and capital will rotate further, starting from ETH and spreading to small- and mid-cap altcoins as well as Meme tokens, which is typically the stage when wild market conditions emerge. Under this scenario, the total crypto market cap could be pushed toward $10 trillion to $12 trillion.