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The altcoin market has been in a prolonged state of volatility and intense selling pressure for months now, leaving many investors questioning when the long-awaited altseason will finally arrive. Since early last year, major altcoins have seen sharp declines, with most trading well below their cycle highs. Despite temporary rallies, the broader sentiment remains cautious as market participants await a stronger catalyst for sustained upside momentum.
Now, top analyst M-log1 has shared a technical perspective that could fundamentally alter expectations. He suggests that if Bitcoin is set to follow US stocks and break into new all-time highs in the coming days or weeks, altcoins may offer some of the best entry points seen in this cycle. Historical patterns show that Bitcoin strength often precedes aggressive moves in altcoins, particularly once BTC stabilizes at higher levels.
As Bitcoin consolidates near its highs, attention is turning toward the altcoin market, where undervalued assets may be primed for explosive moves.
Source: bitcoinist.com
