Altcoins About To Take Off? Analyst Says The ‘Final Shakeout’ Is Over
The crypto market has rebounded, showing an 18.54% increase from recent lows, with Bitcoin (BTC) surpassing $100,000 and Ethereum (ETH) reclaiming the $3,400 range. Other altcoins like Solana and XRP have also gained momentum, with XRP nearing its all-time high. The total crypto market cap, excluding BTC and ETH, rose 4% in 24 hours, reaching its highest level since December. Analysts suggest that altcoins have completed a final shakeout and predict a bullish start to the year. A golden cross in altcoin charts is anticipated, potentially triggering FOMO similar to early 2021. The altcoin market cap has completed a retest phase, indicating a forthcoming rally. Analysts note the formation of a bullish pennant, suggesting a significant price movement is imminent.
