Is it possible that we see another altcoin season, if Bitcoin breaches the all-time high and go above 20k? Do you find a direct correlation?
I believe 2020 will be a good year for cryptocurrency. Currently the price of Bitcoin is hovering around $ 7300, I believe it will soon recover and break the peak of $ 20,000. If Bitcoin does this, the price of all altcoins will also increase quickly. And then, long-term investors will have lots of money.
Its good to see a positive views on how bitcoin will perform for the coming years, though we are hoping btc will reach or surpass the previous ath we cant say for how long we're going to wait. Long term investors are waiting for this to happen again since alts have been in downtrend for quite some time now. But if btc shows growth again I believe alts will follow especially the popular coins.
The network itself runs on trust, so being positive about bitcoin growth needs to be found among each and every cryptocurrency user. Very few used to it, and without understanding the true nature of bitcoin and cryptocurrency market more users panic now and then with some negative thoughts in the mind.
Entire altcoins growth has major dependence over the growth of bitcoin. This is the truth and we have seen this in the past. This time I don't think there will be such a big growth with every altcoins as the past.
I know altcoin will crazy again up to higher price if bitcoin reached above $20k, but when bitcoin can reached with higher price. How long waiting for bitcoin come back with higher price, one month, two months or needed one year waiting for bitcoin grow up to $20k. Almost altcoin price depend their self with bitcoin, how ever when bitcoin down altcoin keep lower price and take to the moon when bitcoin back with higher price.
ah you don't even realize how the condition of the bitcoin right now. altcoin doesn't even follow the bitcoin constantly even when it was getting a pump. it may go even further or back to the ground with lost in the bitcoin term. A few months ago bitcoin gone so crazy to touch another ATH for this year but altcoin was performing the opposite trend than bitcoin.