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?
yes possible. when bitcoin going to 20k it mean bitcoin halving happen. Previously when bitcoin halving it also affect in altcoin, altcoin increase high price
so waiting to bitcoin halving or bull run and altcoin season coming. this best moment to take profit from altcoin and makes successfull in era cryptocurrency
For now the question that is in my mind is when bitcoin will reach $20K.
Today, another dump has been witnessed, btc drop $6K after holding at $7k for awhile and it looks like this year is not going to end up at a good price.
We are thinking of $20K but if btc dropped again at $3k, I think we need to start over again by next year.
I think bitcoin can reach $20k next year after its halving and surely altcoins will follow bitcoin's trend but as of now it is a very hard situation where bitcoin continues on dropping and in my opinion it will go down below $6k by the end of the year so next year bitcoin needs some work in order to bring back its price and to reach much higher coin price and so that altcoins will follow its trend and also reach higher market price.