So wen altseason?
Let me break it down:
I have previously said many times that alts will begin outperforming once $BTC breaks prior ATH. But exactly when will they take the lead?
Two scenarios that have played out in the past:
1. BTC breaks prior ATH with conviction and goes on to 2x in a matter of weeks- this is a mega breakout without much of a breather and alts don't get much love until BTC pauses after this breakout leg.
2. BTC tags prior ATH but rejects/consolidates at the highs for a few weeks before beginning to accelerate to the upside to then double in a matter of weeks. Alts begin rallying right after BTC tags prior ATH, while BTC consolidates.
In the former scenario, alts begin rallying en masse some weeks after BTC breaks prior ATH. In the latter- they start rallying almost immediately after BTC tags prior ATH.
The common theme here and the key takeaway, is that after BTC hits prior ATH, alts begin rallying at the first major pause/consolidation of BTC, whether that at prior ATH or far above it.
I do not know which scenario we will get this time, but the bottom line is patience pays here, literally. A mega alt season is around the corner, one way or another.
