It's been a long time since we've witnessed Bitcoin drop from $5-7k, but it seems like AE's accounts haven't been affected much. The recent months have truly been a challenge, as BTC remains in the green amidst many altcoins showing no signs of growth, and some even experiencing sharp declines, especially on August 5 when BTC slaughtered altcoins causing tremendous losses.
However, the market has changed, with Bitcoin currently reaching $91k and many altcoins having increased 2-3 times from their lows, among which $SUI stands out with a 7-fold increase. After about 8-9 months, we are starting to feel a slight correction of BTC while still holding steady with altcoins. Do we have the opportunity to witness many such recovery waves in the future?
Looking at the current situation, if $BTC surpasses the new ATH and hits the $100k mark in December, many altcoins could potentially increase 2-3 times from their current levels. Hopefully, this level of growth will repeat as in previous cycles, promising that the altcoin season is approaching.
