Altcoins
Foundation for Altcoin’s Next Hype Cycle Is Being Laid, Says Crypto Trader – Here’s His Timeline
A closely followed crypto analyst says altcoins are setting the stage for a massive breakout by July.
Pseudonymous analyst Rekt Capital tell its 467,200 followers on social media platform X that an alternative “hype cycle” will likely occur 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 foundations of the next wave of altcoin rallies are being built as we speak. Market-wide breakouts cannot occur without the market first experiencing slow periods of consolidation.
Then the analyst said If Bitcoin follows historical precedent, the top of the crypto king cycle will likely arrive next year in September or October.
“During the 2015-2017 cycle, Bitcoin peaked 518 days after the halving. During the 2019-2021 cycle, Bitcoin peaked 546 days after the halving. If history repeats itself and the next bull market peak occurs 518 to 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 this cycle by around 200 days. So the longer Bitcoin consolidates after the halving, the better it will be at resynchronizing this current cycle with the traditional halving cycle.
Source: Rekt Capital/X
Bitcoin is trading at $64,848 at the time of writing, up 4.6% in the last 24 hours.
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