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Bitcoin has broken above the $118,000 level and is surging towards its all-time high, therefore the attention is shifted towards Ethereum and the altcoin market. It questions why altcoins haven't started moving massively yet, providing two main reasons: the nature of Bitcoin's price action and the sheer quantity of altcoins being created. The analyst stresses that Bitcoin is leading the market in a symbolic way with Ethereum taking the gains since April and Ethereum continues being the best bet. The overall altcoin market has risen 80% since April with possible topping in October. Bitcoin's next resistance is predicted around $127,000. If Bitcoin holds this, Ethereum will follow with potential increase of another one month while if it fails the failure bound would be around $117000. It's suggested that altcoin season is changing and two or three weeks would be where there will be some altcoin outperformance