This is the common feeling of many in the crypto market. Recently, the market has indeed challenged many investors, especially when Bitcoin has strong growth phases while altcoins have remained almost stagnant, even correcting deeply. This has left many feeling frustrated and impatient, especially those holding altcoin portfolios.
Looking back at the difficult period
• On August 5 and the 'black swan': This is certainly a 'painful' memory for altcoin holders. The disparity between the rise of BTC and the drop of altcoins left many confused, even having to cut losses.
• Altcoins 'diving deep': Whether BTC is sideways or correcting, altcoins still plummet, causing the accounts of many investors to gradually 'evaporate'.
Current positive signals
• BTC reached 91k: This price level led to a strong recovery of altcoins, with many coins increasing several times. For example, SUI increased 7 times from the bottom is a clear testament to the rebound of altcoins in the new cycle.
• Altcoins maintaining good prices: This light correction phase of BTC has not caused altcoins to drop too sharply, indicating a fairly solid foundation for the Altcoin Season.
Expectations for December and Altcoin Season
• If BTC breaks its ATH and surpasses 100k, this will be an important milestone, not only creating a psychological effect but also boosting capital flows into altcoins.
• December in market history is often a favorable time, when capital tends to flow into altcoins after hot increases of BTC.
However, don't forget to manage risk and consider an appropriate portfolio, as the market always has surprises. Stay flexible, taking advantage while also protecting your capital.