The foundations for the next Altcoin Hype Cycle are now being set, says Crypto Trader. Here is his timeline:
A closely watched cryptocurrency analyst said the altcoin is setting the stage for a major breakout by July.
Household analyst Rekt Capital told his 467,200 followers on social media platform
“There is still time until the second quarter altcoin hype cycle begins. But as we speak, the foundations for the next altcoin rally are being built. A market-wide breakout cannot occur unless the market first experiences a period of slow consolidation.”
Source: Rekt Capital/X
Next, the analyst says that if Bitcoin follows historical precedent, the cryptocurrency king’s peak cycle will likely be reached in September or October next year.
“In the 2015-2017 cycle, Bitcoin peaked 518 days after the halving. In the 2019-2021 cycle, Bitcoin peaked after 546 days of halving. If history repeats itself and the next bull market peak occurs 518 to 546 days after the halving, this means Bitcoin could peak in this cycle in mid-September 2025 or mid-October 2025.
Bitcoin is currently accelerating about 200 days into this cycle. Therefore, the longer Bitcoin consolidates after the halving, the better it is to re-synchronize the current cycle with the existing halving cycle.”
Source: Rekt Capital/X
At the time of this writing, Bitcoin is trading at $64,848, up 4.6% in the last 24 hours.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
Follow us on X, Facebook and Telegram.
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney
Post Foundation for the next Altcoin Hype Cycle is now being set up, Crypto Trader has revealed. His timeline was first published in The Daily Hodl.
