A well-known cryptocurrency trader believes that the foundation for the next altcoin hype cycle is currently being set up, with a potential breakout expected by July. The trader, known as Rekt Capital, suggests that the market is currently going through a period of consolidation, which is necessary before any significant market-wide breakouts can occur. Rekt Capital shares this prediction with his large following on the social media platform, X.
In addition, Rekt Capital points out that if Bitcoin follows historical patterns, the peak of its current cycle could occur in September or October of next year. Comparing previous cycles, the analyst notes that Bitcoin reached its peak 518 days after the halving in the 2015-2017 cycle, and 546 days after the halving in the 2019-2021 cycle. Based on this pattern, the next bull market peak could happen in mid-September or mid-October of 2025. Rekt Capital also highlights that Bitcoin’s consolidation period after the halving is crucial for synchronizing this cycle with the traditional halving cycle.
At the time of writing, Bitcoin is trading at $64,848, with a 4.6% increase in the past 24 hours. This positive movement further supports the idea that the altcoin hype cycle may be on its way.
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