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May 16, 2024

Foundation for Next Altcoin Hype Cycle Now Setting Up, Says Crypto Trader – Here’s His Timeline

By Daily Hodl Staff

A closely followed crypto analyst says that altcoins are setting the stage for a massive breakout by July.

Pseudonymous analyst Rekt Capital tells his 467,200 followers on the social media platform X that an alt “hype cycle” is likely coming in the second quarter of the year as the market consolidates.


“Still time left 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 can’t occur without the market first experiencing slow consolidation periods.”

Source: Rekt Capital/X

Next up, the analyst says if Bitcoin follows a historic precedent the crypto king’s cycle top will likely arrive next year in September or October.

“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 and the next bull market peak occurs 518-546 days after the halving that would mean Bitcoin could peak in this cycle in mid-September 2025 or mid-October 2025.

Currently, Bitcoin is accelerating in this cycle by approximately 200 days now. So the longer Bitcoin consolidates after the halving, the better it will be for resynchronizing this current cycle with the traditional halving cycle.”

Source: Rekt Capital/X

Bitcoin is trading for $64,848 at time of writing, up 4.6% in the last 24 hours.

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