Keep an Eye on Altcoin Season as Bitcoin Halving Approaches in 3 Weeks: Here Are 3 Key Trends to Monitor
Bitcoin ($BTC) continues to break records, leading some investors to worry that they have missed out on the crypto rally. However, one crypto enthusiast, Cyclop, has a different perspective. He believes that the market cycle is just beginning and that altcoins are ready to make significant moves.
The recent struggles of Bitcoin to stay above $72,000 have created selling pressure and sparked speculation about further declines. Despite trading within a crucial support zone, there is uncertainty about whether bears will trigger a drop below $65,000 or if a bullish bounce is imminent. In light of this, Cyclop suggests shifting focus to altcoins and stablecoins as a diverse strategy to navigate the unregulated crypto waters.
Cyclop, a crypto analyst, recently shared insights into the potential trajectory of Bitcoin (BTC) and altcoins based on historical patterns and market dynamics. He notes that BTC typically reaches its all-time high (ATH) around 7-8 months after the halving event. In both 2017 and 2021, the peaks of bull markets occurred approximately 880 days or 29 months before halving events.
Drawing from these past trends, Cyclop anticipates that the next BTC ATH will occur around November-December. Additionally, based on the duration of previous bull runs, which lasted approximately 10 months, he suggests that the current bull run may extend until around October 2025. On the other hand, bear markets in 2018 and 2022 lasted for around 370 days each. There were approximately 500 days between All-Time Lows (ATL) and halving events in 2018-2020 and 2022-2024, leaving room for a new ATH by the end of this year.
While Bitcoin’s trajectory is important, Cyclop also highlights the potential of altcoins. He believes that altcoins have the potential for quick gains, with the possibility of 100x returns compared to the 2-5x gains expected from BTC and ETH. Cyclop is confident in his portfolio-building strategy, which involves investing in promising altcoin projects while gradually locking in profits leading up to October 2025.
However, Cyclop also emphasizes the importance of holding a portion of the portfolio in stablecoins. He cites examples of altcoins like FTM, SOL, and MATIC, which saw exponential growth after halving events. While optimistic about the current market’s potential, Cyclop advises investors to stay alert, diversify their investments, and avoid risking more than they can afford to lose, especially when investing in volatile altcoins.