The biggest indicator is bitcoin, therefore we cannot deny that when the price of bitcoin soars high, altcoins also follow suit.
That's true. When people are overconfident and happy with the gains they're getting from their altcoins. They forget that it all started with Bitcoin's soaring.
In the last few days the price of Bircoin has almost touched $60,000 and followed by Ethereum continuing to decline, will the bullish market continue soon and the altcoin season also awaits.
It actually touched $60k and we're on $61k-$62kish of its price. And about the decline, they're nothing compared to the actual gain that Bitcoin and Ethereum has gained for a short period of time.