$BTC Breakout 👉 Altcoin Season Soon?

The period from now until the end of November, possibly stretching into mid-December, will likely be the time when Market Makers (MM) make us question everything. 🙄

In the 2020-2021 season (and even in the 2017 season), after $BTC broke out above its previous all-time high (ATH) and continued to rise strongly, altcoins kept dropping.

Let’s take two examples: $DOT, a top coin, and $AVAX, a midcap (from the 2020-2021 season).

On December 16, 2020, $BTC broke out to the 21k mark and continued to climb to 26k by December 25 before making a slight correction.

During that same period:

• $DOT dropped from 5.7 to 4.7, a 20.5% decline.

• $AVAX dropped from 3.5 to 2.7, a 23% decline.

• Similarly, other altcoins also dropped. A few exceptions, like $DOGE and $LTC, rose alongside $BTC (these were top coins in the 2018 season).

Then, from December 25, 2020, altcoins started collectively hitting their lows and surged until the season ended.

This means that currently, although altcoins are in a downtrend, they could continue to drop to retest previous lows or even set new lows. However, they are all likely to explode spectacularly when the time comes, surprising everyone.

👉 So, I think we shouldn’t hop from coin to coin restlessly, watching something like $NEIRO increase by 5x and feeling tempted to jump in. Let’s be patient, and everyone will get their turn!