According to several analysts, the Altcoins chart shows similarities to the 2016-2017 performance, suggesting that the Altseason is "brewing.” To Crypto Jelle, "Altcoins are still following the traditional bull market preparation playbook.” Per the macro chart, altcoins broke from the accumulation zone and chopped around key support levels during previous cycles.
Crypto trader MikyBull also highlighted the similarities between the previous cycles, which suggest that a "huge Altseason is brewing.” To the trader, the recent "fake out” made investors believe that this cycle’s Altseason "has been written off,” but he expects altcoins to "pull a 2017 kind of explosive” rally that follows the same PA path.
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