Altcoin
The foundation for the next Altcoin hype cycle is now being set, says Crypto Trader – here’s its timeline
A closely followed crypto analyst says altcoins are setting the stage for a massive breakout by July.
Pseudonymous analyst Rekt Capital tells from his 467,200 followers on social media platform X that an alternative “hype cycle” will likely arrive in the second quarter of the year as the market consolidates.
“There is still time before the Q2 altcoin hype cycle takes off. But the very foundation of the next wave of altcoin rallies is being built as we speak. Market-wide breakouts cannot occur without the market having previously experienced periods of slow consolidation”.
Source: Rekt Capital/X
Then the analyst He says If Bitcoin follows historical precedent, the cryptocurrency king’s cycle high will likely come next year in September or October.
“In the 2015-2017 cycle, Bitcoin peaked 518 days after the halving. In the 2019-2021 cycle, Bitcoin peaked 546 days after the halving. If history repeats itself and the next bull market peak occurs 518-546 days after the halving, this would mean that Bitcoin could peak in this cycle in mid-September 2025 or mid-October 2025.
Currently, Bitcoin is accelerating in this approximately 200-day cycle. So, the longer Bitcoin consolidates after the halving, the better it will be to resynchronize the current cycle with the traditional halving cycle.”
At the time of writing, Bitcoin is trading at $64,848, up 4.6% in the last 24 hours.
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