- Altcoin bull market confirmed as TOTAL2 price chart shows bullish indicator.
- TOTAL2 prepares to reclaim an 8-year trendline.
- Analysts expect an explosive altseason peak phase for altcoins.
Several signs point to the start of a phenomenally bullish altseason peak phase in the coming weeks ahead. One analyst says altcoin bull market confirmed as TOTAL2 price chart prepares to reclaim an 8-year trendline. This, alongside many other bullish indicators highlighted by a myriad of reputed nd popular analysts in the crypto community, confirms that a bullish surge awaits all altcoin prices.
Altcoin Bull Market Confirmed
A number of bullish indicators point to a parabolic price pump ahead for altcoins. To start off, the total crypto market cap just hit a new ATH this week, hitting a value exceeding $4 trillion, and it barely received any recognition. Other signs include BTC hitting consecutive new ATHs, with its latest bull target et at $123,000 and signaling another inevitable pump to secure an even higher ATH target at the $130,000 price region.
Meanwhile, bullish indicators are coming from altcoins as well, starting with the fact that the pioneer altcoin Ethereum (ETH) is steadily inching closer to its previous ATH price of $4,800. Recently, ETH reclaimed the $3,800 price range and is preparing to retake the $4,000 price range next. Analysts are charting the bull cycle top price for ETH to go as high as $20,000 this bull cycle, as expectations grow more bullish with ETH outperforming BTC .
As we can see from the post above, this reputed analyst highlighted a few bullish signals for the arrival of altseason. Besides the new total crypto market cap record, the analyst also shed light on the weekly RSI breaking its downtrend and confirming that momentum has returedn. He then concludes saying that the crypto market has entered a new phase and expects unfathomable bullish movies ahead.
Adidtionally, another reputed crypto analyst confirms that the altcoin bull market has begun. To start off, he says that Bitcoin dominance has a strong bearish divergence confirmed, as it broke south of 65%. Furthermore, he mentions how the second half of the year is the best period of the year for altcoins to pump and set new ATHS, which means that this is the time to maximize one’s returns.
TOTAL2 Prepares to Reclaim an 8-Year Trendline
As we can see from the post above, another sign indicating a bull overturn for altcoin is that the price of all crypto assets, excluding BTC (TOTAL2), is about to reclaim an 8-year trend line. The analyst says that the 2-week candle closes in a few hours, and should determine the outcome of this trendline breakout. If the breakout occurs, a huge bullish turn should spark for ETH and altcoins, and the gains could be unmatched.
