Crypto has been in a rally since the year began, picking up momentum in the third quarter, and bringing Bitcoin to new all-time highs. To many, the rally is likely to peak in Q4, ending in December.
However, this crypto analyst, Lark Davis in a tweet on 2 October said the rally may extend into 2026 and not stop in December as some think.
An unusual pattern
Typical crypto cycles in the past have lasted for four years, with two years of expansion and two years of contraction in the ISM Index.
The ISM Index is an indicator that predicts potential movements in the crypto market. A rising ISM Index under 50 is bullish for Bitcoin, while a break above it shows that altcoins are set to rally.
Following the usual pattern, the current bull market would end in December, but this time things may be different because of a major deviation.
According to Davis, the ISM has been under 50 for two years, suggesting that no expansion has happened yet.
To put it in perspective, the ISM Index under 50 shows that Bitcoin is still growing, and has to exhaust its growth before altcoins take over at the point of breakout above 50.
This pushes the altcoin season — which is the last phase of the bull cycle — backwards, leaving plenty room for growth and the possibility that the market will rally into next year.
Current market condition
The market is currently rallying and Bitcoin remains strong, pushing higher and breaking through resistances to reach new price levels.
After reaching $118,000, the top asset is set to explore new all-time highs according to crypto analyst Michaël van de Poppe.
Altcoins have also picked up the momentum and show potential for better days in the short term and long term if the momentum is sustained.
What do you think?
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