Is altcoin season approaching? This is the question we're all asking ourselves right now after Ethereum's recent surge. I'll give my opinion, which is all it's worth and certainly shouldn't be taken as financial advice.
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My opinion is no, but it has nuances. Traditionally, the cycle pattern involved a large increase in Bitcoin, which was then distributed to altcoins and then started all over again. The starting gun was always a bullish rally in Ethereum.
This time, I don't think the pattern will repeat itself because I believe Bitcoin still has a long way to go. In my humble opinion, what will happen in this cycle is that Bitcoin will stop along the way, but it won't go down, and altcoins will have an upward trend thanks to the fresh money coming from the traditional financial market.
My question is whether this bullish cycle for altcoins will be strong or weak, but that's something only time will tell.
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