Analysts from Bitfinex are forecasting a two-month period of price stabilization for Bitcoin after the halving event. The report suggests that despite the initial impact of the halving on Bitcoin's price, the positive effects are likely to be more visible in the future.

The Bitfinex Alpha market report also emphasizes the strong influence of Bitcoin on the entire cryptocurrency market, particularly in May. It serves as a benchmark for price action and overall market trends. The report also highlights the current macroeconomic environment as more stable compared to previous years, with increased awareness among consumers and businesses about the underlying economic situation during crypto market cycles.

Following the halving, which reduced the supply of new BTC, the report indicates that the positive impact on Bitcoin's price will gradually become evident in the upcoming months. The economy's performance is expected to improve, avoiding a recession, which will further enhance the value of crypto assets.

Analysts also point out a shift in traders' attention towards altcoins as Bitcoin's dominance wanes. This move is attributed to the view that Bitcoin's reduced supply growth rate is a positive long-term trend, encouraging investors to explore alternative cryptocurrencies for potentially higher returns.

Recent market data shows Ethereum outperforming Bitcoin for two consecutive weeks, a feat not seen since February 2023. Bitfinex analysts also note ETH's role as a key player in the altcoin market, acting as a precursor to market trends for other alternative cryptocurrencies. On-chain analyst Checkmate from Glassnode mentioned ongoing de-leveraging in Bitcoin futures since its peak in mid-March.