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James Wynn: Bitcoin needs to reach at least $120,000-$140,000 before the alts season can arrive.
Gate News bot news, well-known trader James Wynn posted on social media: "I see many people over-leveraging on alts. Meanwhile, their Hedging on Bitcoin is far from enough.
BTC.D may rise to unprecedented new highs. This could significantly extend the time before we truly welcome alts season.
When BTC.D declines and is about to slow down, the altcoin season will arrive. In my opinion, Bitcoin needs to reach at least 120,000 to 140,000 USD for this trend to occur.