- Altcoin season’s hypothetical timeline revealed that a true run higher may be yet to begin
- Bitcoin would need to grow much bigger to sustain the kind of altcoin seasons seen in the past
With Bitcoin [BTC] fighting for control of the $100k-level, altcoins have had the time to trend higher. This is a general occurrence though – In a bull run, whenever BTC trends higher, most altcoin stand still and vice versa. It ties in well with the idea of capital rotation in the crypto market.
Source: Blockchain Center
The altcoin season index showed that it has been altcoin season for close to two weeks now, but the reading had already receded to 71 at press time.
However, this does not mean that the cycle is over and it’s time to sell – Far from it.
