I think that after bitcoin has reached ATH in the last few days, there will still be potential for Bitcoin price to rise beyond the all time high that was reached a few weeks ago depending on positive sentiment in the future. Therefore, the market is in a bullish state at the moment.
As long as bitcoin stays being bullish, altcoins too are also in the same position. Although not all altcoins have been making a price surge, but most of the potential altcoins are influenced by the bullish price of bitcoin. And if we based on some indicators, there are high chances that this bullish market will last until december which i think bitcoin may reach another all time high.
However, we cannot tell if a serious problem hits the market which will influence the price movement of both bitcoin and altcoins, then it can be said that its bearish season has come earlier than expected.
we may really see a new ATH before this year ends. the sentiments from the market is different from previous years. and now, mastercard announced the acceptance of crypto debit/credit cards with their partner banks. i guess, we are really heading to good market adoption.
so it is only a matter of time before we see the price of
BTC going up again.
the up and down will always be there, but i dont think we are stopping in the 60k+ level for
BTC.