Bitcoin’s Bull Cycle Peaking Predicted by Rekt Capital
Rekt Capital, a renowned cryptocurrency trader and analyst, has provided an intriguing insight into the future path of Bitcoin following the latest Halving event. His analysis suggests that Bitcoin could reach its peak in the current bull cycle within the next year. He highlights the possibility of historical trends repeating themselves, which could lead to substantial gains for BTC in the near future.
Mirroring Past Halving Cycles
- Bitcoin hit its all-time high approximately 518 days after the Halving event during the 2015-2017 cycle and within 546 days in the 2019-2021 cycle.
- This historical data indicates that each Halving has triggered significant growth for Bitcoin.
If history is any indication, the next market peak could occur between 518 and 546 days after the recent Halving, potentially around mid-September to mid-October in 2025, as per Rekt Capital’s analysis. He also mentions that Bitcoin is currently about 220 days ahead of the previous cycle, implying that a longer consolidation period post-Halving could align this cycle with past events.
Rekt Capital points out that Bitcoin typically experiences a downtrend in the weeks following a Halving, as observed in 2016. He refers to this period as the Post-Halving “Danger Zone,” where downside volatility might occur near the Re-accumulation Range low. In 2016, Bitcoin went through an -11% decline about 21 days after the Halving before bouncing back. However, he warns of potential downside volatility around the Range Low in the next 15 days.
Entering the Parabolic Phase
- Rekt Capital forecasts a parabolic phase for Bitcoin post the re-accumulation period.
- This phase typically precedes a significant surge in Bitcoin’s price leading to a new record high.
Historically, Bitcoin has spent up to 150 days consolidating in the Re-accumulation Range before embarking on a parabolic run. Rekt Capital expects BTC to enter this phase by September if it successfully consolidates within the anticipated timeframe. Currently, BTC is trading at $62,504, having dropped by over 5% in the last week.
Market Statistics
- Bitcoin’s market cap has declined by 1.53% while trading volume surged by more than 22% in the last 24 hours.
Despite the recent dip in price, the overall sentiment remains positive for Bitcoin, with the potential for a significant uptrend on the horizon.
Hot Take: Bitcoin’s Future Trajectory
As you navigate the volatile cryptocurrency market, keep a close eye on Bitcoin’s movements over the coming months. The data from past Halving cycles, as analyzed by Rekt Capital, offers valuable insights into potential price trends and market behavior. Stay informed and make informed decisions to capitalize on potential opportunities in the market.
By
By
By
By