Bitcoin Price Analysis Here is the Schedule for BTC Bull Run
Key Points
Bitcoin’s bull run delay after the April 2024 halving event has led analysts to predict a new timeline for the next surge.
The current Bitcoin cycle is 170 days ahead of previous ones, making the timing of the peak uncertain.
Smart investors take advantage of panic selling, which could lead to a short-term rise in BTC price.
Bitcoin is currently trading within a narrow range of $67,000 to $65,500 due to unexpected economic data and the recent approval of Spot ETH ETFs stealing the spotlight from Bitcoin.
The Disappointed Expectations
Following the Bitcoin halving event in April 2024, many in the crypto community anticipated the start of the bull run. However, the situation took a different turn. Renowned crypto analyst Rekt Capital, examining historical Bitcoin halving patterns, has outlined a potential timeline for the commencement of the next Bitcoin Bull Run.
Bitcoin’s Historical Halving Trends
Based on Rekt Capital’s analysis, Bitcoin may potentially reach its peak in the ongoing cycle between mid-September and mid-October 2025. This forecast is derived from the observed historical patterns of previous Bitcoin halving events.
In the 2015-2017 cycle, Bitcoin peaked 518 days post-halving, while in the 2019-2021 cycle, the peak occurred 546 days after the halving event. If history repeats itself and the next Bull Market peak falls within the 518-546 day range post-halving, Bitcoin could reach its peak in the current cycle.
The Current Cycle’s Acceleration
Rekt Capital highlights that the current Bitcoin cycle is progressing faster than previous cycles, approximately 170 days ahead. This accelerated pace introduces uncertainty regarding the timing of Bitcoin’s peak in this cycle.
Opportunities Amidst Volatility
The analysis emphasizes that astute investors understand the importance of seizing opportunities during times of panic and accumulation. The current selling pressure may lead to a temporary increase in BTC price, followed by a significant decline that could trigger a market downturn.
Bitcoin’s Price Movement
After a brief recovery to $68,000, Bitcoin’s price is now hovering around $65,650, failing to surpass the $70,000 mark once again. The lack of clear direction in the market is attributed to unforeseen economic factors and the recent approval of Spot ETH ETFs.