Renowned Cryptocurrency Analyst Forecasts Precise Timing for Upcoming Bitcoin Bull Market
Key Points:
– The Bitcoin bull run expected after the April 2024 halving did not materialize, prompting analysts to predict a new timeline.
– The current Bitcoin cycle is approximately 170 days ahead of previous cycles, making it difficult to determine when the peak will occur.
– Smart investors are advised to buy during panic selling, which could lead to a temporary increase in BTC price.
– Bitcoin is currently trading within a narrow range of $67,000 to $65,500, with uncertainty in the market due to unexpected economic data and the approval of Spot ETH ETFs.
Crypto enthusiasts anticipated a Bull Run following the April 2024 Bitcoin halving event, but the outcome was disappointing. Renowned crypto analyst Rekt Capital studied the historical Bitcoin halving patterns to project when the next Bull Run might kick off.
Historical Halving Cycles:
Rekt Capital’s analysis suggests that Bitcoin could potentially reach its peak in the current cycle between mid-September and mid-October 2025. This projection is based on the observed historical patterns from previous Bitcoin halving events.
In the 2015-2017 cycle, Bitcoin reached its peak 518 days after the Halving, while in the 2019-2021 cycle, the peak occurred 546 days post-halving. If history repeats itself, Bitcoin might peak in this cycle within the same timeframe.
Rekt Capital also highlights that the current Bitcoin cycle is moving faster than previous ones, approximately 170 days ahead. This acceleration adds uncertainty to predicting when Bitcoin’s peak will happen this time.
Opportunities in Market Fluctuations:
Rekt Capital advises investors to be strategic, recognizing moments to panic sell and accumulate. The analysis suggests that current selling pressure could lead to a short-term price increase in BTC, followed by a significant downturn and potential market instability.
Presently, Bitcoin’s price is fluctuating, dropping to around $65,650 after briefly recovering to $68,000 and failing to surpass $70,000. This lack of price direction is attributed to unexpected economic data and the overshadowing impact of Spot ETH ETFs approval.