The cryptocurrency market saw the prices of most coins fall as Bitcoin [BTC], the largest cryptocurrency, faced a significant fall on April 21. However, if Thomas Lee, a Bitcoin enthusiast, has to be believed, the correlation between Bitcoin and altcoins could bring in 1,100% gains similar to the 2017-2018 bull run.
Lee on his Twitter handle explained that the first “pre-condition” for the beginning of the alt-season is a drop in the correlation between altcoins and Bitcoin [BTC]. This trend was observed before the 2017-2018 bull run began. Lee produced a chart to mark the similarities.