Bitcoin is experiencing a significant surge in interest, with prices approaching $100,000. Analysts and enthusiasts are predicting an imminent breakout, citing a potential for altcoins to also see substantial gains. Recent activity indicates that Bitcoin's dominance in the market is set to retest a rising wedge pattern, which could lead to explosive movements in altcoins. Historical data suggests that after a 25% drawdown, a rally similar to December 2020, where altcoins rallied over 400%, may be on the horizon. As of December 12, 2024, Bitcoin is poised for a breakout, with multiple sources expressing optimism about its price trajectory.