The Bitcoin price hit a new all-time high in July, but has since slowed down. While the Ethereum price had also hit a new all-time high back in August, the broader altcoin market remains weak, leading to speculations that there will not be an altcoin season. With no expectations of an altcoin season happening soon, some have started calling for the cycle top, meaning that a bear market could be on the horizon.
Bitcoin Halving Trend Says Bull Market Is Over
Crypto investor and trader Philakone took to the X (formerly Twitter) platform to update his over 170,000 followers on what part of the cycle the market is in. To do this, Philakone looks back on the past two bull cycles, using the duration of each one from the Bitcoin halving to predict when the current cycle will end.
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