I would go a step further, things are not good because of the coronavirus pandemic and there is no clarity about what the next 6-9 months might bring.
It is too difficult to ascertain exactly what constitutes and upward or downward trend because of the complications that have arisen affecting the whole social economical climate on a global stage. If we can get some sort of normality back then we might see things becoming clearer.
Altcoins Season in progress ? Please give your opinion...
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Green shows Altcoins marketcap dominance strengthening
Red (indirectly) shows Bitcoin marketcap dominance strengthening
Basically this is a chart that excludes Bitcoin marketcap dominance, it only shows Altcoins marketcap dominance / Altcoins seasons.
Next 6 to 9 months will be a very interesting period for altcoins. Altcoin season is here and it has still been expanded for longer months. Some people fear that the market gives altcoins very good rises recent months and when price drops back, they fear of another long down trend. They fear too much about it.
The downtrend is over and now we have been in an uptrend. During uptrend, price will be dumped back a little bit but such dump is for correction. After correction, price will rise again and hits higher peaks.