Foundation for Next Altcoin Hype Cycle Now Setting Up, Says Crypto Trader – Here’s His Timeline
WikiBit 2024-05-17 08:13A closely followed crypto analyst says that altcoins are setting the stage for a massive breakout by July. Pseudonymous analyst Rekt Capital tells his
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.
Source: Rekt Capital/X
Next up, the analyst says if Bitcoin follows a historic precedent the crypto kings cycle top will likely arrive next year in September or October.
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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