Altseason? Analyst Claims Sticking With Bitcoin (BTC) May Be Safer For Now

Fundstrat’s prominent head of research, Tom Lee, recently took to Twitter to remark that one of the “pre-conditions” for historical altcoin rallies is coming to life in the current cycle. This precursor, for those unaware, is a drop in the correlation between the crypto asset class at large and Bitcoin (BTC) itself.

1/ Since 2015, one of the “pre-conditions” for the start of alt-season is a drop in the correlation between Alts and $BTCThis drop in correlation has started recently (lower part of chart and scale is inverted)This is a data point to suggest alt-season could be underway… pic.twitter.com/g10Fjzx50q

Original source
https://ethereumworldnews.com/altseason-analyst-claims-sticking-with-bitcoin-btc-may-be-safer-for-now/

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