Is a Second Wave of Altcoins Coming? Analyzing the 2023 Market Double Bottom

Crypto markets are displaying a double bottom pattern, similar to those observed in 2015 and 2019. This pattern suggests the potential for an altcoin surge soon, with historical examples showing past bullish cycles followed by significant rallies. The current setup indicates periods of accumulation before a breakout. While diminishing returns signal market maturity, the recurring double bottom structure may foreshadow a similar outcome in the near future.