As Bitcoin Continues Its Climb, Top Altcoins Also Tease Breakout

View Bitcoin's price hit fresh six-month high earlier today, further strengthening the case for a rally to $6,500.

A bull flag breakout on the total market capitalization chart for all other cryptos, if confirmed, could be considered a sign the much-anticipated altcoin rally has begun.

Bitcoin's ascent continues with prices hitting new multi-month highs earlier today, and other top cryptocurrencies may soon join the party.

Bitcoin violated the resistance zone of $6,055-$6,100 with a UTC close at $6,156 on Thursday and reached a six-month high of $6,336 on Bitstamp at 07:40 UTC today.

Prices have now hit multi-month highs on three consecutive days - a sign of strong bullish sentiment.

BTC continues to establish bullish higher highs and higher lows on the daily chart with key moving averages trending north.

While bitcoin has doubled in value over the last six weeks, altcoins have underperformed big time, as indicated by the massive depreciation of their BTC-denominated exchange rates.

The numbers indicate a lack of interest in altcoins despite BTC's confirmation of the long-term bullish reversal on April 2.

The battered altcoins could soon find some love, as their combined market capitalization seems to have charted a bullish technical pattern.

Litecoin's channel breakout indicates the path of least resistance is to the higher side.