- Parabolic altseason imminent as altcoins chart completes bullish indicator.
- In detail, it just completed a massive bullish cup and handle pattern.
- Analysts expect major upward movements for various altcoins.
Anticipation for the peak of this ongoing bull cycle’s altseason to arrive has been growing stronger every day. Even more so now as many analysts expect Bitcoin Dominance to collapse. The price of BTC also seems to have halted between $97,000 and $98,000 showing another indicator that the time for altseason peak is now.
Another factor that adds to the bullish altseason expectation is that every Q1 following a Bitcoin Halving year has ushered in that bull cycle’s peak altseason phase. With the same time period playing out now expectations for altcoins to set a string of new ATHs have grown strong and the months of February and March are the most historically promising for pumps.
Parabolic Altseason Imminent
As we can see from the post above, this analyst shares a macro price chart expecting a massive rejection for BTC Dominance. The analyst says that if there were a time for altcoins to start outperforming it would be around this time. Most expect this pump to be led by Ethereum (ETH), the pioneer altcoin has yet to set a new ATH this cycle.
Bullish Cup and Handle Pattern Completed
Meanwhile, another analyst makes a notable observation on the altcoins price chart. As we can see from the post above, he notices a massive and bullish cup and handle pattern and confirms the completion of a key level retest. He concludes saying a massive pump era is upon the crypto market and most will find it hard to fathom the upward movement.
