When Will Altcoin Season Start? Bitcoin Bull Cycle Sets Stage for 2025

Since November 5, the cryptocurrency market has experienced impressive growth, surging by 28.24%. Nearly all top cryptos have seen positive momentum, with Bitcoin leading the charge, marking a 29.08% increase during this period.

This rally raises important questions about the current state of both the Bitcoin and Altcoin markets within the ongoing bull cycle. In a recent post, crypto analyst Miles Deutscher provides insightful answers to these questions.

Let’s see what he has to say about the current bull cycle scenario. Ready? Read on! 

Where Are We in the Bitcoin Cycle?

Deutscher highlights that Bitcoin’s current market cycle aligns closely with its previous cycles. He notes that Bitcoin is now in the third phase of this cycle, a phase that typically begins at least 200 days after the halving event. By drawing comparisons to past cycles, Deutscher suggests that in the final stage of this cycle, the market is likely to repeat patterns seen in previous bull runs.

Predicting Bitcoin’s Peak: Q2 or Q3 of 2025?

Looking ahead, Deutscher forecasts that Bitcoin will reach its peak sometime between Q2 and Q3 of 2025. While data points from past cycles suggest a peak in Q2, halving and recent all-time high (ATH) data indicate a potential Q3 top. According to Deutscher, the precise timing of this peak won’t be clear until Q1 of 2025, but the current trends offer valuable clues.

Timing of Altcoin Rally

The dominance of Bitcoin now stands at a yearly peak level of 60.82%. On November 5, it was nearly 60.56%, but it dropped sharply to 58.76% on November 9. However, since November 10, the BTC dominance has grown steadily, marking a steep rise of 3.55%. 

Miles Deutscher opines that the Altcoin rally is less likely to begin before a BTC dominance breakdown. Projecting the growing BTC dominance as a positive foundation for the future growth of Altcoins, Deutscher asserts that the current Bitcoin dominance situation will set a stable base for the upcoming Altcoin rally.     

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Altcoin Market Cap Chart Signals Room for Growth

The price of Bitcoin remains at 87,292.46 – far above the mid-March peak of $73,000+. The Altcoin market often mirrors BTC trends. Currently, the top market cap of cryptos, excluding Bitcoin, stands at $1.11T – at least 8.28% lower than the mid-March peak of $1.202T, suggesting that the market still has ample room for growth.

Interestingly, Deutscher also points out that the speculation index is at 21% compared to over 90% in previous cycles. 

This lower figure suggests a more measured, less speculative environment in the market, which may contribute to more sustainable growth moving forward.

In conclusion, Deutscher suggests that the Bitcoin market cycle is on track to reach its peak by mid-next year. With Bitcoin’s dominance providing a solid base, altcoins are positioned for a strong rally in the near future.

The overall outlook remains positive, with ample room for both Bitcoin and Altcoins to continue their growth.