Predicting Bitcoins Apex Crypto Analyst Forecasts Timing of Next Peak if Past Patterns Persist
A prominent cryptocurrency expert has pinpointed a potential timeline for Bitcoin’s (BTC) next peak, drawing on historical patterns. During a recent analysis session, the well-known crypto strategist Rekt Capital shared with his substantial following of 481,200 on social platform X that historically, Bitcoin’s value tends to reach its zenith between 518 to 546 days following its halving event, which takes place every four years in April.
Reflecting on past cycles, Bitcoin’s value soared to its peak 518 days post-halving in the 2015-2017 cycle, and 546 days in the 2019-2021 cycle. Should these patterns hold true, we could anticipate Bitcoin’s value to hit its peak in the current cycle around mid-September to mid-October of 2025.
Rekt Capital, however, notes a significant shift in Bitcoin’s momentum due to the recent downturn in the cryptocurrency market. Earlier in the year, Bitcoin’s growth trajectory was ahead by 260 days in this cycle. But following a consolidation period of over three months, this growth rate has significantly decelerated to roughly 150 days. A prolonged consolidation phase post-halving could potentially align this cycle more closely with traditional halving cycles.
Source: Rekt Capital/X
Further analysis by the trader suggests that Bitcoin may have reached its lowest point, as evidenced by comparing all BTC pullbacks since February 2023:
– A 23% drop in February 2023.
– A 21% decline in April/May 2023.
– A 22% fall in July/September 2023.
– A 21% reduction in January 2024.
– A 23.6% descent in April/May 2024.
– A 21% decrease so far in June 2024.
With an average cycle retraction of 22%, the current pullback closely mirrors the average correction rate.
Source: Rekt Capital/X
At the moment of writing, Bitcoin is valued at $56,521, marking a 2.6% decrease over the past 24 hours.
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