"Bloomberg’s analysts have joined the ranks of experts who consider that Bitcoin (BTC)’s low volatility levels recently signal the coin is finding a bottom, according to an analysis published Oct. 24."
5% percent swings in Bitcoins price has occured only once this month compared to January and February's 9 times.
What the market seems to reflecting is a major exodus of traders from the cryptocurrency markets and what seems to be an apparent bottoming out. What this bottoming out indicates is that this is likely the level at which long term non-speculative holders are keeping support for the market. Bitcoin and altcoins can either go a few ways in price actions. A slow exodus of long term holders, a major bull run caused by a political catalyst, or another fast bull run followed by another massive sell off fueled by media attention. Another more likely alternative would be a slow price increase of altcoins, and a slow decrese in the percent dominance of bitcoin.
I do believe right now that buying Alts in this moment will probably bring more ROI than buying and holding bitcoin.