Crypto trader says the foundations are being laid for the next altcoin hype cycle – here's his timeline

An observant crypto analyst says the altcoin is poised for a major breakout by July.

Pseudonym Analyst Rekt Capital To tell 467,200 followers on social media platform X say an alternative “hype cycle” is likely to arrive in the second quarter of this year as the market consolidates.

“There is still time left before the second quarter altcoin hype cycle begins. But even as we speak, the foundations for the next wave of altcoin gains are being built. A market-wide breakout cannot occur without the market first experiencing a period of gradual consolidation.

Next is the analyst To tell If Bitcoin follows historical precedent, the crypto king’s cycle top will likely arrive 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 546 days after the halving. If it repeats and the next bull market peak occurs 518-546 days after the halving, it would mean Bitcoin could peak in this cycle in mid-September 2025 or mid-October 2025. To do.

Currently, Bitcoin has accelerated this cycle by about 200 days. Therefore, the longer Bitcoin consolidates after the halving, the better it will be to resynchronize this current cycle with the traditional halving cycle. ”

At the time of writing, Bitcoin was trading at $64,848, up 4.6% in the past 24 hours.

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