Apr 21, 2019
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Altcoin season could bring in 1,100% gain if/when next bull run begins

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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.


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AMBCrypto · News

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