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Cryptocurrency traders are pointing to a number of indicators that suggest a bullish trend for altcoins, potentially signaling the onset of an “up-only season.”

Several analysts have noted that key metrics and chart patterns are aligning to forecast a strong period ahead for altcoins, despite the market currently being dominated by Bitcoin.

One of the most notable observations comes from pseudonymous analyst Moustache, who highlighted the formation of a bullish pattern on the Altcoin Season Index in a post on October 11