Based on the market status, we are on the altcoin season. But somehow bitcoin really struggling to back in $60k and I think if that will happen, it will have an effect to the over all altcoin market stability.
If it will be stable at $57k, that would be a good position for bitcoin of staying there but I doubt that it will be staying there for a long time. It's always as volatile as it is and won't really that have time to stay there.
Probably it is struggling to get back at its last ATH but it will be back there anytime soon.