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Market analysts are predicting an imminent resurgence of altcoins, commonly referred to as 'altcoin season.' Following a recent bounce in Bitcoin, which closed above $90.5k and reached a peak of $97k, many believe this sets a positive tone for altcoins. Notable mentions include several altcoins that have shown strong performance, such as $ANON, $CPOOL, $BASED, and $XMW. Experts suggest that the bullish sentiment in the market, especially among AI-related coins, indicates a potential for significant gains in the coming months. Analysts emphasize the importance of Bitcoin maintaining its current levels to support this anticipated altcoin rally.
AI coins pump 20-30% the second Bitcoin stops threatening seppuku. Money is obviously desperate to fomo into these the second a clear market uptrend re-appears. Put on a diaper. The up will be explosive when it happens.
The market is looking bullish right now. We closed well above $90.5k on the daily candle and pumped back up to 97k. Alts will follow. We just need BTC to hold these levels. I'm still bullish for Q1 and expecting a big alt coin season!
Want to see BTC close above 95.5-96k today on daily. If it does, good signal for continuation. A lot of good alts on bounces today, particularly AI coins which everyone said were dead. Once trend shifts AI coins will have their next leg. Position in strength accordingly.
