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Title: 6-Month Altcoin Bull Market Correction Phase Nears End, Altcoin Awaken for Bullish Altseason Peak Rally
A 6-month altcoin bull market correction phase is drawing to a close, and the crypto market is bracing itself for an impending peak altseason rally. With Bitcoin’s recent breakout above the $97,000 price mark, a green week is desperately needed to reverse the four consecutive weeks of decline, thus paving the way for altcoins to take center stage.
The notion that we are in the midst of a six-month altcoin bull market correction phase has been widely discussed on social media platforms. The idea posits that every Q1 following a Bitcoin Halving year has ushered in the peak of the altseason. Given that we find ourselves in this exact scenario, it is only logical to assume that a similar outcome will unfold.
This recent bearish trend has led many altcoins to retrace their gains from last quarter’s bull run. However, it now appears as though Bitcoin, having broken above the $97,000 price point, is poised to turn the corner and rebound strongly in the near future. This expected reversal could lead to a dramatic surge in the prices of Ethereum and other major altcoins.
Historically, when this 6-month correction phase comes to an end, it often results in a massive rally that eclipses all previous gains. As we navigate these treacherous waters, many are left wondering what the future holds for the market.
Source: cryptonewsland.com
