A closely watched cryptocurrency analyst said the altcoin is setting the stage for a major breakout by July.
Pseudonym analyst Rekt Capital says The 467,200 followers on social media platform
“There is still time until the second quarter altcoin hype cycle begins. But as we speak, the foundations for the next altcoin rally are being built. A market-wide breakout cannot occur unless the market first experiences a period of slow consolidation.”
Next is the analyst Called If Bitcoin follows historical precedent, the top of the cryptocurrency king’s cycle 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 after 546 days of halving. If history repeats itself and the next bull market peak occurs 518 to 546 days after the halving, this means Bitcoin could peak in this cycle in mid-September 2025 or mid-October 2025.
Bitcoin is currently accelerating about 200 days into this cycle. Therefore, the longer Bitcoin consolidates after the halving, the better it is to re-synchronize the current cycle with the existing halving cycle.”
At the time of this writing, Bitcoin is trading at $64,848, up 4.6% in the last 24 hours.
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