I couldn't see Bitcoin bottoming to $4k for 6 months months at least, it's looking quite hopeful right now but it always has its drops and evens out eventually but I'm praying for another crypto craze month like a few years back, those are the days we all need to see!
We are all waiting for that time to come, but it seems it will not gonna come easy.
I am not negative here, I am just trying to be realistic because the last time there was a bull run, I remember it was for all, but this time is for bitcoin mostly.
But we must understand that the circumstances of the market have changed radically, back in those days people still had a lot of faith in altcoins and they were willing to invest in all kind of projects, but since then things have changed as people realized that the number of scams in the market is simply unacceptable and they are not willing to invest in those projects as they did before, as such it makes sense that if a new bull run were to take place then only bitcoin and a few selected altcoins will be the ones that grow up the most while the rest of the coins remain static or even go down.
Maybe we can give some possibility to pump for good altcoins, usually on major altcoins but I am not expecting a very great growth like in the past, x10 might be so high to achieve and we will not be able to see x100 in just a short period of time.
As you can see, the dominant rate of bitcoin is still very high, the last time I remember, dominant rate drop to 30% and that gives way for the altcoins to rise significantly and they also have a good share of the market that they are notice by investors.
When it comes to dominance then theres no doubt that bitcoin would always on the top of the chain.The only time i have seen where alts able to
almost equal is ETH but into those times in 2017 bull run but for this particular time then its hard to believe that alts will able to reach that possibility again.
Pump might happen but we cant really expect those 100-1000x same as you said.We can even hardly reach out 2x returns even on altcoins excluding
though to those shitcoins out there.About btc bottom price then this had been always the question of anyone.