From the historical chart and according to recent observations, the onset of Altcoin season appears to coincide with the stabilization of Bitcoin prices. As Bitcoin's volatility decreases, traders are seemingly turning towards accumulating altcoins, indicating that we may be on the cusp of an Altcoin season.
What is your thoughts? Are you agree with the point?
I think we are still far from the altseason, because the altseason occurs when Bitcoin price has almost reached its ATH price or after creating a new ATH price, but for now the market is undergoing a correction, so I don't think the altseason will happen in the near future, but I'm still hope that the altseason will occur in late 2023 or early 2024 at the time of Bitcoin halving.