*When Altcoin Season Will Finally Start: What to Expect After Bitcoin Peaks?*
Since November 5, the cryptocurrency market has experienced a massive growth of 28.24%. Almost all the top cryptos have displayed positive momentum, with Bitcoin marking a surge of 29.08% during the period.
This positive general outlook triggers some crucial questions, such as where the Bitcoin market and the Altcoin market stand in the current bull cycle.
Where We Are in the Bitcoin Cycle?
Deutscher notes that the current Bitcoin cycle aligns well with its previous cycles. He states that the Bitcoin market is currently in the third phase of the cycle. This phase usually begins at least 200 days after the halving.
Highlighting the similarities between the current BTC cycle and the previous ones, the cryptocurrency analyst asserts that in the final stage of this cycle, the market will see the repetition of what was witnessed in the previous cycles.
*Altcoin Market Cap Chart Signals Room for Growth*
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.