Analysts are optimistic about a potential market upswing, citing recent consolidation patterns as evidence. BlockBeats reports that the current market activity has been characterized by a period of stagnation, with prices exhibiting limited fluctuations and a slight downward trend. FXPro’s Chief Market Analyst, Alex Kuptsikevich, believes this prolonged consolidation can often pave the way for future trends to gain momentum. He notes that the upcoming employment data release on Friday could be a significant trigger for further market direction. 5-day fluctuations have been narrow with a slight downward trend, but it has yet to break through its 200-day moving average of $3.01 trillion. Kuptsikevich expects the market could exceed this level and potentially reach the $3.5 trillion mark if global positive factors prevail. Additionally, he anticipates significant volatility in the altcoin market.