Cardano (ADA) has formed a bullish double bottom pattern, suggesting a potential surge to a $5 all-time high (ATH) this year. The broader altcoin market remains strong, with many altcoins showing bullish indicators, fueling expectations for a significant altseason. As Bitcoin (BTC) trades above $70,000 and Ethereum (ETH) approaches $23,000, optimism grows among crypto enthusiasts for a robust altcoin rally. The crypto market's renewed strength is evident as BTC rises over 4.7%, surpassing the $70,000 mark, which has bolstered gains across the market. Analysts note that several altcoins have broken out of multi-year wedges, with the MACD indicator nearing a bullish crossover, reminiscent of the 2020 setup that led to massive altcoin price pumps. Cardano's ADA, in particular, is poised for a potential price surge, with experts predicting a $5 ATH if current bullish trends continue.