- A 6-month altcoin bull market correction phase ends.
- Altcoins are awakening and preparing for a bullish altseason peak rally.
- Bitcoin Dominance forms bearish signal paving the way for altseaon peak.
Bitcoin’s latest breakout above the $97,000 price mark ignites recovery to 6-digit price expectations for BTC. Similarly, a 6-month altcoin bull market correction phase seems to be nearing its end. With BTC faced with a fifth week of red in a row during a bull market, a green week is needed next more than ever and a recovered BTC price will likely catapult into a peak altseason.
6-Month Altcoin Bull Market Correction Phase
So far, every Q1 following a Bitcoin Halving year has ushered in the peak of the altseason. Presently, we are in the same phase and historically, February and March have been very bullish for crypto, especially ETH. As we enter the last week of February next week, all eyes are on ETH, the altcoin expected to lead the altseason peak.
In detail, ETH has yet to set a new ATH this bull cycle and doing so could launch other altcoins to set a string of new ATHs just like BTC did in November. As we can see from the post above, this analyst sees the end of a 6-month altcoin bull market correction phase and highlights the pump that happened the last time this pattern played out, a bull pump.
Altcoins Awaken for Bullish Peak Altseason Phase
#Altcoins Awakening 🚀
— Titan of Crypto (@Washigorira) February 19, 2025
A bearish wedge is forming on #BTC Dominance,
while a gravestone Doji just printed on the 2-week chart.
This could signal the end of the bleed for many #Alts. pic.twitter.com/HAfiIkx65u
Adding on, another seasoned analyst believes the same. He says that altcoins are awakening and highlights a bearish wedge forming on BTC Dominance which means altcoin dominance is just on the horizon and this could signify the end to altcoin bleeding and the likely start of the peak altseason this bull cycle.
