Crypto analyst hitesh: The real bull cycle is about to begin and lasts until October

Crypto Market: The real bull market has just begun?

The recent bitcoin pullback has caused turmoil in the crypto market, and many sectors have seen sharp declines. Data shows that the AI ​​Agent sector fell by as much as 72.41%, and the Meme sector also fell by more than 50%. However, analyst hitesh.eth believes that this is just a brief pullback after the market washout, and the real bull market cycle is about to begin.

Source of data: RootData

According to PlanB's chart analysis, Bitcoin's historical earnings cycle is concentrated between the first six months of halving and the eighteen months after halving. It is currently in this cycle and the bull market is expected to continue until October.

PlanB analysis chart for BTC

hitesh.eth further analyzed the future trend of the crypto market and believed that the market will face two paths:

Path 1: Crypto-anarchism This will be a market full of speculation and freedom, emerging markets emerge one after another, and wealth changes rapidly in the speculative cycle. People with strong adaptability will benefit in this environment.

Path 2: Regulatory Crypto Economy This will be a more stable and compliant market dominated by institutions and traditional financial players. The risks are relatively controllable, but the growth is also relatively slow.

hitesh.eth believes that encryption technology aims to build a decentralized society, and the emergence of Bitcoin is an embodiment of this vision. The concept of "everything can be tokenized" and the emergence of the Bonding Curve mechanism have provided new possibilities for the future development of the crypto market. The rise of Meme coins reflects the market's speculation about various "beliefs".

However, the current market is facing the problem of fair incentive distribution and the situation where powerful players manipulate the market. Establishing reputation mechanisms will help solve these problems and promote the healthy development of crypto anarchism.

Ultimately, hitesh.eth believes that no matter where the market goes, the real bull market cycle may have just begun, and the key is whether you can identify and seize opportunities.

The above is the detailed content of Crypto analyst hitesh: The real bull cycle is about to begin and lasts until October. For more information, please follow other related articles on the PHP Chinese website!