Bitcoin only needs to double to reach a new ATH.

So, will this time carry the altcoins along?
I think currently risky assets are waiting for the new Fed chair's first signals.
Powell's term ends on May 15, 2026, and a new era at the Fed will begin afterward.
The strongest candidate is Kevin Warsh.
Warsh is generally known as a hawk.
That's why I believe the recent market pullback has also been influenced by the increasing likelihood of Warsh's appointment.
Especially, the fact that Warsh, seen as a hawk, is emerging instead of Kevin Hassett, who is considered dovish, has strengthened expectations for tighter monetary policy.
The first FOMC meeting after Powell will be in June 2026.
Here's the critical point exactly.
If Warsh becomes Fed chair, the messages he delivers at the first meeting could be decisive for risky assets.
If during this process:
Geopolitical tensions decrease,
Global risk appetite recovers,
And Warsh adopts a market-friendly tone as Trump desires,
Then a new ATH for Bitcoin and a strong season for altcoins could be on the horizon.
Currently, the market is in a bit of a wait-and-see mode.
But as we approach June 2026, signals from the macro side could determine the fate of this cycle.