Max from BecauseBitcoin argues that crypto is nowhere near its cycle peak. Despite concerns that the bull market is ending, key technical indicators show there’s still a long way to go.
1. No Signs of a True Cycle Top
Key Highlights:
- Bitcoin dominance remains high, meaning Bitcoin is leading the market while altcoins struggle.
- In past cycles, the market topped when altcoins dramatically outperformed Bitcoin, which hasn’t happened yet.
- Until altcoins show clear sustained strength, the market is not near a top.
2. Altseason Hasn’t Started Yet
Key Highlights:
- Altcoins typically rally when Bitcoin enters price discovery (new all-time highs).
- In 2017 and 2021, altseason started when Bitcoin was at peak euphoria, but so far, altcoins have underperformed.
- Bitcoin has been the dominant force this cycle, while altcoins struggle every time Bitcoin corrects.
3. Technical Signs Say There’s More Room to Run
Key Highlights:
- Past bull markets ended when Bitcoin formed a lower high while altcoins made a new high.
- Right now, Bitcoin is making higher highs, while altcoins are making lower highs—the opposite of a cycle top.
- Bitcoin dominance is rising, whereas in previous cycle tops, it was falling as altcoins surged.
4. What Needs to Happen Before a True Top?
Key Highlights:
- Bitcoin will likely continue leading the market before altcoins enter a true euphoria phase.
- A true altseason usually starts after Bitcoin completes its first major correction in price discovery, which hasn’t happened yet.
- The market has only seen short-lived meme coin pumps rather than a true altcoin supercycle.
Final Take
Max believes we are nowhere near the peak of this bull market. Bitcoin remains dominant, and altcoins have yet to show the kind of strength seen at previous cycle tops.
🔥 We are still in Bitcoin season. Altseason is coming, but not yet. The bull market is not over.
