Bitcoin price While it has been constantly setting new records lately, some investors are worried about missing out on this crypto rally. However, the familiar name of the crypto world, Cyclop, looks at the situation from a different perspective. According to him, the market cycle has not yet fully begun and he thinks altcoins are poised to make significant moves.
Bitcoin’s recent performance above $72,000 has created some selling pressure and led to further bearish speculation. Even though BTC is trading in an important support zone in uncertainty, it remains unclear whether there is still a risk of a decline below $65,000 or if an uptrend is starting.
Crypto analyst Cyclop has shared his views on the potential trajectory of Bitcoin and altcoins based on historical patterns and market dynamics in a series of recent analyses. explained.
Bitcoin Halving Could Make a 100x Contribution to These Altcoins
According to the analyst, looking at Bitcoin’s past trends, it is noteworthy that it usually reaches its all-time high (ATH) approximately 7-8 months after the halving event. During this period, the peak of the bull markets occurred approximately 880 days, or 29 months, before the 2017 and 2021 halving events.
Based on this data, analysts predict that the next peak will occur around November-December. Considering that previous bull runs lasted around 10 months, it is thought that the current bull run could continue until October 2025. On the other hand, the Bear markets of 2018 and 2022 lasted approximately 370 days each. The fact that approximately 500 days have passed between the 2018-2020 and 2022-2024 halving events suggests that there will be room for a new ATH.
It is very important to evaluate opportunities in the crypto market, especially as market conditions change. Cyclop highlights opportunities for quick profits, particularly in altcoins, noting the potential for much higher returns compared to the gains expected from Bitcoin and ETH. They express confidence in their portfolio building strategy, which involves investing in promising altcoin projects and gradually realizing profits by October 2025.
However, the analyst also emphasizes the importance of keeping a portion of the portfolio in stablecoins, citing examples of altcoins such as FTM, SOL and MATIC, which have shown exponential growth, especially after halving events. Along with being optimistic about the market’s potential, Cyclop recommends being careful, especially when investing in volatile altcoins, diversifying your investments and not risking more than you can afford.
