It's a euphoria stage.
Almost all the coins are getting pumped and surprisingly shit coins are leading the party. Usually this happens on the last stage of distribution. Everything gets pumped. But this also is a thing of caution. We can't call this a bull cycle unless Bitcoin crosses $8900. But enjoy the alt party and short the profit.
Why are you taking a bitcoin comparison with 8900 dollars? Do you think that: If the bitcoin crossed this milestone, determine the end of the downtrend and start the new uptrend? please tell me! Thank you very much!