As Bitcoin (BTC) reaches a new all-time high above $126,000, the altcoin market is also experiencing a surge. This positive momentum comes after several years of failed attempts to achieve significant altcoin rallies, prompting investors to cautiously assess potential trends. DaanCrypto highlights this as a critical turning point for altcoins, emphasizing their unprecedented growth toward new records. 2023 has seen a notable increase in the total altcoin market cap, aiming to surpass its 2021 peak. This week’s candlestick will be crucial in determining if this surge is sustainable. To signify a significant break, at least two consecutive weekly candlesticks must close well above their 2021 highs.