"Bitcoin's 200-day moving average has broken out of a 6-month consolidation phase, a strong bullish signal. As the market reacts, altcoins like Ethereum and Litecoin are poised to benefit. Keep an eye on these moving averages for further confirmation of the uptrend."

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This breakout could be a catalyst for a wider altcoin rally. Will we see a synchronized move among major alts or will some lag behind?