Bulls season is still long, many people panic when they see bitcoin price drop below $80K and they think this is the beginning of altcoin season. even though altcoin season has not arrived.
based on the 4-year cycle habit, it looks like altcoin season will arrive at the end of Q2 or early Q3 this year.
so we should keep holding our potential coins
We are still not in the bull season; the downtrend line on the upper band is not yet broken. BTC is still inside the downtrend unless the BTC price breaks the $86k level; we are on the uptrend.
But currently the price is in a consolidation phase; the price is still at the $90k level. The price is still undecided. If there's good news, maybe it can break the $96k and go into an uptrend, but if not, we are still in the bearish season.
About altcoin season, if you didn't notice, some old coins that launched last 2021 just recently jumped to more than 100%.
What I see on altcoin season is it needs the help of the BTC to pump their price. Look at the BTC dominance every week; it increases, so if BTC just pumps a bit, other altcoins jump in price x10 to x100.
My estimation for altcoin season is that it will start around July or August. For now, I saw some old coins that I monitor just pump recently, so there are some investors who are already investing some, I guess, to be ready for altcoin season.