   
Altcoins are steadily recovering during the first two days of the new calendar year, and a popular analyst has done just that declared that sustained upward price action could be over the next 2-3 months. The larger cryptocurrency market, and altcoins in particular, has been in a major bearish period since the flash crash of October 10 last year. Yet there are now indications that a trend reversal may be on the way.
Altcoins are taking the lead
Michael van de Poppe, the analyst in question, has over 815,000 followers on tweeted:
“Many #Altcoins have corrected up to their October 10 fuse.
Finally, things are starting to turn upside.
The same can be said for $LINK, which is currently breaking the 21-day MA for the first time since the summer.
 This would imply that the markets are poised for an uptrend in the next two to three months.”
Van de Poppe highlighted the positive development for LINK, a major altcoin with a valuation of $9.2 billion. Here is LINK’s price action:
The short-term moving averages show a convincing upward trend, and a similar pattern can be seen across several other altcoins. Historical data from past cycles shows that similar MA breaks often precede 20-50% rallies in altcoins over a 2-3 month period, provided Bitcoin stabilizes above $90,000 as evidenced by the uptrend after the halving in Q4 2024.
The future
Altcoins want to start 2026 on a positive note, but the bullish forces have their work cut out for them if they want to shed the bullish baggage of 2025.
One X user replied:
“As long as Bitcoin is active, the power of any altcoin remains vulnerable.
Sustainable alt movements need a Bitcoin breakout first.”
The ‘range’ in question is that the leading cryptocurrency is stuck in a narrow trading zone dominated by the nervousness of the bullish forces.
The market has remained under pressure and pressure for most of the past three months, and it will take some effort from the bulls to ensure a sustainable turnaround. Only a strong move towards $100,000 is likely to open up the altcoin market in the near future.
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