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 agree with your point of view about the BTC price stabilization. However, it is unlikely that the alt season will start soon. Although we have seen a few coins surging, there might be other reasons for their price hike. In my opinion, the market is still in the correction phase and we might see a drop from this level. We might expect the altcoin season in mid-2024.