Arthur Hayes believes that altcoin season is an ongoing phenomenon.
Veteran trader Peter Brandt has recently sparked a debate in the crypto market, predicting Bitcoin’s continued bearish trend. According to him, the Bitcoin price’s current cycle isn’t over yet and is poised to sustain till 2029. Aligning with the four-year cycle theory, BTC is likely to see its next bull run in September 2029, stated Brandt.
Despite the prevailing skepticism surrounding the Bitcoin price, Peter Brandt’s prediction has invoked fresh optimism about an upcoming Altseason. As BTC continues to hover below $90k, the crypto market is bracing for an altcoin season.
Peter Brandt’s Bearish BTC Prediction Sparks Altseason Hopes
In an X post shared earlier today, renowned futures trader Peter Brandt shared his bearish projection for the Bitcoin price. “There has never been anything like Bitcoin, and may not ever be anything like it again,” stated the trader.
As per his analysis, Bitcoin is currently repeating its historical pattern, where the cryptocurrency faced parabolic advances, followed by at least 80% declines. Reportedly, over the past 15 years, BTC has faced at least five parabolic advances on a logarithmic scale, only to plummet to significant lows. As this pattern repeats, Bitcoin is poised to reach a severe low of $25k in this bearish cycle.
Further, reiterating his stance, Peter Brandt added that the current market crash is likely to continue until the cycle ends. In a subsequent post, he noted, “I have already projected the next bull market high to occur in Sep 2029.”
Earlier this month, Peter Brandt predicted a deeper Bitcoin price crash. As CoinGape reported, the trader projected the crypto’s potential plummet to below $60k.
Is an Altseason on the Horizon?
Significantly, Peter Brandt’s statement has shifted the crypto community’s focus from Bitcoin to altcoins. With the Bitcoin Dominance waning, altcoins are poised to see a major comeback, resulting in a potential Altseason.
Industry experts expect an altcoin season in 2026, with many hailing Ethereum as a leading player. Asset manager Bitwise recently forecasted that the Bitcoin, Ethereum, and Solana prices would hit their all-time highs in 2026. For instance, Kevin Rusher, founder of RAAC, noted,
“Institutions and retail investors alike seek yield in the DeFi ecosystem of the world’s computer. And so, as we head into 2026, investors can rely on ETH along with the other big guns.”
BitMEX co-founder Arthur Hayes holds a different view. He believes that altcoin season exists all the time. For him, it is not a singular event at a particular time, but an ongoing phenomenon. He added,
“There is always an altcoin season happening… and [if you’re] always saying altcoin season isn’t there, [it’s] because you didn’t own what went up.”
However, experts like Jeff Ko, Chief Analyst at CoinEx Research, believe that the altcoin rally will take a hit in 2026. Ko states that the current surge in altcoins will be subdued next year, with only “blue-chip” cryptocurrencies attracting liquidity. He also warns that retail investors may be disappointed if they are expecting a broader altcoin rally.
