Total2 Market Cap vs BTC Market Cap

Today we are looking at ratio charts. We plot the ratio of Total 2 Market Cap (Total Crypto Market Cap excluding BTC) to BTC Market CAP. This ratio chart is making new lower highs this BTC Halving cycle. There seems to be no bounce from the lows and Alt coin season seems to be elusive. As we move towards the end of the halving cycle there is very little time left for this Alt season. To reach the previous cycle highs of 1.5 in the chart the Alt Coins have to more than double from here and BTC must remain at this price for the rest of the cycle. For this the total Crypto market cap must reach almost 5 trillion USD, which remains unlikely. A better estimate will be the ratio of Total 2 Market Cap vs BTC Market Cap ratio reaches 1.09 which will be 0.618 Fib retracement level. This 0.618 fib retracement repeats in many instances. The same is true for BTC.D. What do you think?