History suggests that altcoins may be set for take off as Bitcoin achieves record high prices. History has it that, in the past two bull seasons where Bitcoin has outperformed its all time high, altcoins have typically rallied in its wake. I think before the alt season sets in, there must be a major correction as bitcoin pump to over $40,000 needs a major correction, after which investors will move funds from bitcoin to altcoins. This may happen between now and March.
Oh, what a bold statement but I partly believe in it until we see those huge spikes especially on altcoins paired with BTC usually I think they'll be the game changer. This are all speculations but I believe alt season is imminent and as always if it does I will totally not miss out this time. FOMO la FOMO.
But for the Bitcoin price reaching another ATH is a trend again if it's going to hit $50k this time or more between now and next month since I don't think there will be a bull in March.
I believe we may not touch $50k yet but I think $42k was enough to trigger an altseason, but who knows we may get onto huge numbers even up to $100k (which I speculate to happen by last quarter).