The crypto market is showing signs of recovery, with altcoins breaking out of a bullish formation after a recent correction. This fueled optimism about an upcoming Altseason. Notably, Bitcoin reclaimed the $100,000 mark, while Ethereum returned to the $3,400 range.
Analysts believe the 'final shakeout' is complete, hinting at a potential explosive rally in the altcoins sector. A golden cross is seen as imminent, reminiscent of the start of 2021's Altseason. Observers predict a rally running till March, mirroring previous patterns.
Altcoins are breaking from a multi-month trendline, expecting further growth after retesting new levels. A bullish pennant formation suggests a massive rally is possible.
