Altcoins Poised for a Breakout By July 🚀
A renowned crypto analyst predicts that altcoins are on the brink of a significant breakout by July in a massive “hype cycle.”
- Rekt Capital, a pseudonymous analyst, shares insights with over 467,200 followers on the X social media platform.
- According to the analyst, the market is currently consolidating, laying the groundwork for the upcoming wave of altcoin rallies.
- Market-wide breakouts are expected to follow the current slow consolidation phase.
Bitcoin Cycle Peak Predictions 📈
The analyst also comments on Bitcoin’s historical patterns, suggesting that the cycle peak for the crypto giant could occur around September or October next year.
- Comparing previous cycles, Bitcoin peaked 518 days after the halving in the 2015-2017 cycle and 546 days after the halving in the 2019-2021 cycle.
- If history repeats, Bitcoin’s peak in the current cycle might occur in mid-September or mid-October 2025.
- Bitcoin’s consolidation post-halving is crucial for synchronizing the current cycle with traditional halving cycles.
Current Bitcoin Performance 💰
As of the latest update, Bitcoin is trading at $64,848, marking a 4.6% increase in the past 24 hours.
Generated Image: Midjourney
The post Foundation for Next Altcoin Hype Cycle Now Setting Up, Says Crypto Trader – Here’s His Timeline appeared first on The Daily Hodl.
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