Crypto analyst Quinten Francois doesn’t think Bitcoin will peak in November, as some predict. He believes the current bull run still has a long way to go.
November Peak? Unlikely, Says Francois
Francois argues that expecting a Bitcoin peak by November ignores past market cycles. He points out that in both 2017 and 2021, the altcoin season (when altcoins outperform Bitcoin) started in Q1. The retail investor frenzy that follows then took 9-12 months to reach its peak.
Since altcoin season hasn’t really started yet – the ETH/BTC ratio is just beginning to show signs of it – Francois thinks a peak in the next couple of months is highly improbable. The retail cycle needs time to build, and that typically takes 9-12 months.
Altcoins and the Timing of the Peak
Francois admits that a major Bitcoin peak this year could happen if there’s no altcoin season, or a major unexpected event (a “black swan”). But he considers this highly unlikely. The typical 9-12 month cycle is likely to play out as it has in the past. This means a peak is more likely in Q2 or Q3 of 2026.
Bitcoin’s Bullish Setup
Francois also highlights Bitcoin’s current bullish setup, describing it as the strongest in history. This is based on Bitcoin’s recent retest of an ascending trendline of all-time highs (which it broke in July). While he didn’t provide a price target for the eventual peak, other analysts suggest prices between $140,000 and $200,000. At the time of writing, Bitcoin was trading around $114,460.
