Quote from: jasonjm on July 16, 2023, 04:38:41 AM

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.

Price of bitcoin dropped to 29k USD and we can expect more loss to come as a downtrend apprehension. Altcoins are following and are dropping as well. We will not be getting altcoin season anytime soon this month end but maybe later this year if the recovery starts. At this point we have to support bitcoin to recover and cross the 30k segment because the selling pressure started from being unable to cross that resistance level.

It all back in bear - correction and I dont think another big all time high is coming this year so wait and watch, not jump into a trend thinking it to be altcoin season.