A closely followed crypto analyst, altcoin He states that ‘s are preparing the ground for a big break by July. Rekt Capital says a sub-“hype cycle” is likely to arrive in the second quarter of the year as the market consolidates.
“There is still time for the Q2 altcoin hype cycle to begin. But the foundations for the next wave of altcoin rallies are being built as we speak. Market-wide breakouts cannot occur without the market first experiencing periods of slow consolidation.”
Analyst, BitcoinHe notes that if ‘s follows historical precedent, the crypto king’s cycle peak will likely come 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 history repeats itself and the next bull market peak occurs 518-546 days after the halving, this means Bitcoin could peak in mid-September 2025 or mid-October 2025 in this cycle.
Currently Bitcoin is accelerating for about 200 days in this cycle. “So the longer Bitcoin consolidates after the halving, the better it will be to resynchronize this current cycle with the traditional halving cycle.”
Bitcoin is trading at $64,848 at the time of writing, up 4.6% in the last 24 hours.
