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 <p class="paragraph">As the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market anticipates a potential bull market, investors may consider accumulating <a rel="noopener noreferrer nofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a>s in preparation for it.</p>
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 <p class="paragraph">A notable trend has emerged where altcoins are gaining significant strength, as evidenced by their recent breach of the 50-week simple moving average (SMA) barrier, signaling a more positive investor sentiment toward them.&nbsp;</p>
 <p class="paragraph">A pending <a rel="noopener noreferrer nofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a> <a rel="noopener noreferrer nofollow" title="rally" href="https://thebittimes.com/tag/rally.html">rally</a> appears to be on the horizon, with indications pointing towards a pattern reminiscent of 2020, according to <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> trader and technical analyst <em>Mags.</em>&nbsp;</p>
 <p class="paragraph">Mags suggested in a post on November 23 that current market trends are echoing patterns seen in 2020, a period that preceded a major market upswing. This period marked a significant low for both ETH/BTC and <a rel="noopener noreferrer nofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a>s, potentially setting the stage for a substantial <a rel="noopener noreferrer nofollow" title="rally" href="https://thebittimes.com/tag/rally.html">rally</a>.</p>
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  <p class="paragraph">“In 2023, we are seeing something similar, where ETH/BTC has just hit this multi-year trendline support, and Bitcoin halving is just 5 months away. Price is also consolidating inside a tight triangle. A bounce from here is super bullish for ETH and Altcoins.”</p> <cite><em>Mags</em></cite>
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 <h2 class="wp-block-heading" id="h-potential-triangle-breakout">Potential triangle breakout&nbsp;</h2>
 <p class="paragraph">Mags points out that prices are currently consolidating within a tight triangle formation. Historically, such consolidations, especially when followed by a breakout, have often indicated a bullish trend.&nbsp;</p>
 <p class="paragraph">A bounce from this pattern, particularly at this juncture, is considered highly optimistic for both Ethereum and the broader altcoin market.</p>
 <p class="paragraph">While focusing on Ethereum seems prudent per Mags, considering its prominent role in the observed trend, diversifying across a range of altcoins could also offer promising opportunities for return on investment.</p>
 <p class="paragraph">Investing at this stage of the market cycle will require meticulous research and a keen understanding of the underlying market forces. The next bull market will prove lucrative only for those who allocate capital to the right projects.</p>
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 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/the-real-altcoin-rally-hasn-t-even-started-says-crypto-expert-tbt71398.html">https://thebittimes.com/the-real-altcoin-rally-hasn-t-even-started-says-crypto-expert-tbt71398.html</a></p>

The real altcoin rally hasn’t even started, says crypto expert

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