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?
Altcoin might likely to rise too if ever Bitcoin will breach 20k again, even the dead project could rise from the dead. 😂 Most altcoins are tied to Bitcoins volatility so if it moves it also affect major coins like a magnet.
There is connective median between the altcoins and bitcoin. This makes the altcoins have big dependence over the market of bitcoin. To breach $20k is not an easy thing, because earlier all happened suddenly. Now people keep on speculating with big expectations, but the reality is always unpredictable.
Earlier during the previous bull trend there is big growth with dead projects, and this time I don't think such a level of growth will happen. Because, compared to those days right now the market is highly mature.