The first circle is after the first death cross between the 50 and 100 day moving average at the beginning of the 2015 Bull run that peaked in 2018.
The second circle marks the second death cross where the 50 and 100 day moving averages cross indicating a possible end to this 2 year bull run and going . I believe we will become for a few months while Alt Coins have the possibility to become .
I also believe during this time is when a lot of coins trading in USD pairs will seperate their prices from Bitcoin and possibly other coins overtaking BTC . I am still holding in alts but no longer long term holding in BTC .
For BTC to reach 70-100K it would need widespread adoption by the masses which can only be possible by a collapse of fiat currency or a financial crash. This would leverage the market to turn to gold , cryptocurrencies, and other assets to store their wealth.
But if many of the alts best suitable for currency unmarried their prices to BTC that would separate a big part of the Alt Coin market from the BTC market. Meaning alt coin market cap would not be included in the Bitcoin market cap. Maybe this is the year BTC looses its crown in being the king?