Analyst Calls Optimism Price Bottom Amid This Bullish Setup; Is $17 in Sight?

During the U.S. trading session on Monday, the crypto market winessed an accelerated momentum as Bitcoin price spiked to a new high of $85,000. Most major altcoins are following the same pace and preparing to challenge their respective highs. Amid the bullish sentiment, crypto analysts bring investors’ focus to Optimism price as it forms a cyclic pattern before initiating a major rally.