How long can the altcoins last?
From the perspective of subsequent market developments, the fifth wave was launched after Bitcoin hit the bottom twice on September 6. The third wave lasted for 6 months (September 12, 2023-March 13, 2024), and the fifth wave coincided with the global easing cycle. The Fed is expected to stop shrinking its balance sheet after March next year, and more than 90% of FTX's compensation funds will be received in the first and second quarters of next year.
So it is estimated that the duration of the fifth wave will not be shorter than 6 months. In this case, the peak time of the Bitcoin bull market is estimated to be March next year or later. The peak time of the altcoin season in the first two rounds of bull markets was about one month later than the peak time of Bitcoin, but the peak time of the altcoins in the third wave of this bull market is basically the same as that of Bitcoin, so the peak time of the altcoins in this bull market is also estimated to be in March or later.
We are experiencing a bull market process without historical reference. It is unknown where the end of this bull market is, and when the highlight of this bull market will begin. The logic of the bull market cycle that has lasted for 12 years has undoubtedly been broken, and the hell-level experience has become everyone's reality.
For the future, this circle is generally sunny. Look at the A-share market. When the wind comes, it is just a matter of a moment. Always full of expectations.
