Since yesterday, after bitcoin dipped to $117k, Ethereum and other altcoins haven't been influenced by the dip, does this mean that the altcoin season will likely kick off soon or it's just a temporary hype and will cool off in no time. A lot of altcoin holders are hoping to see the altcoin season come to reality in this bull run, but this circle is different from the previous and we can't say if it's possible for us to see the altcoin season.
As it stands today, the Bitcoin-Altcoin seasons indicators seem to show we might getting closer to an alt season than ever this year. Bitcoin seems to have encountered a very strong wall in the level of 120k which has not been able to break through, while coins like Ethereum are showing monthly increases of prices up to twenty five percent, which is very positive for traders who are betting on alt season starting soon. Though, I believe for an actual season to commence, it would take Bitcoin to reduce it's volatility an stay stagnant below 120k for some time, so liquidity and traders move onto alt coins, trying to chase more money which would not be able to make out of Bitcoin, because of the price becoming relatively stable for some time.