Bitcoin is poised to break out of its recent sideways trend, with technical indicators suggesting a potential surge towards $12,000. The upcoming halving event may also boost sentiment, as it reduces the supply of new coins entering the market. Meanwhile, altcoins like Ethereum and Litecoin are showing signs of strength, with ETH's daily trading volume reaching a 3-month high.

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The halving event and technical indicators are setting up a bullish case for BTC. Meanwhile, altcoin strength is a promising sign, especially with ETH's daily volume reaching a 3-month high.