if bitcoin retraces now soon what will happen to alts? will they fall with it or will they rise how will it play out?
If Bitcoin rises, altcoin will also rise. Because altcoin is also very dependent on Bitcoin. Although the price of Altcoin doesn't go up, because the price of Bitcoin is high also makes a lot of money.
We know that if bitcoin goes up by necessity altcoins will go up as well, what it is happening is that altcoins are getting way behind bitcoin when it comes to their growth, bitcoin by far has been the best performing coin during this year, you could find some exceptions among the altcoins but it does not matter altcoins have been going down even further when compared against bitcoin and investors are getting desperate by this lack of reaction from altcoins.