I believe Bitcoin is taking a shot at itself above $20k. If Bitcoin manages to break the $20k resistance then expect a rise in the altcoin price. If not, expect more altcoin price drops in the next year. All altcoins depend on bitcoin to survive. Nothing survives when the bitcoin price drops.
Bitcoin price already passed $25k, it is around $28k now. So why we are talking about $20k again? I strongly believe that Bitcoin price won't drop to $20k anymore. Bitcoin price is trying to reach $30k, it may be achieved this month or in the next month.