It seems that all predictions about the altcoin season are being disproven with the significant decline in Bitcoin's price. Right now, Bitcoin is already below $90K, almost reaching $85K. If Bitcoin drops below $80K, I think the bearish season has begun, and it looks like the altcoin season will be postponed.
This is very confusing, I never think we will have a very big dump after we reach $109k. If the bearish season starts, there will be no hope for altcoins season. All the prices of crypto coins will start to drop gradually, there will be no delay for altcoins season. It becomes more strange if we have no altcoins season anymore. Anyway, I still expect that there is no decline below $80k.
As the market is experiencing an uptrends movements, there are many factors that are responsible for the increase. Besides the normal factors like the demand/supply rules that has been playing out at intervals, there are also whales, speculators who might have been indirectly, or directly speculating prices increase for their personal gains.
As you may know, once the whales and speculators involved must have bought at cheap price, when the has increased to a high level, they will dumps the market with their huge supply and buy again once prices reaches a strong support price zone. Whales, investors and traders also know the market price strong resistance zone to start dumping.