When is the projected peak for Bitcoin’s price in the current bull market?
In the midst of Bitcoin’s turbulent market, there are those who believe that now is the perfect time to invest, including analyst Rekt Capital. In a recent post, he examines the patterns of market peaks in the Bitcoin cycle.
Rekt Capital also explores the question of when the current Bitcoin bull market will end and how long it will last. By looking at historical data, he suggests that we can expect a bull market peak approximately 518 or 546 days after the halving event, which would place it around mid-September or mid-October.
This timeline aligns with the traditional understanding of Bitcoin’s market cycles based on halving events. Therefore, Rekt Capital advises that it is a good time to buy Bitcoin after a 20% drop and before a rebound. He believes that the recent decline presents an even stronger purchasing opportunity, as he predicts that Bitcoin’s value loss will not exceed 24% and will stabilize.
However, there is another perspective to consider. It is possible that the cycle is accelerating due to increased adoption and institutional interest. If this theory holds true, the bull market peak could arrive sooner than expected.
To predict the peak, Rekt Capital suggests using previous all-time highs as a reference point. He points out that Bitcoin’s bull market top typically occurs 266-315 days after reaching all-time highs. This alternative approach provides a new perspective on Bitcoin’s trajectory, especially given its current rapid cycle.
Additionally, Rekt Capital analyzes Bitcoin’s historical performance after breaking old highs and finds that it tends to spend a longer period of time before reaching the bull market top. This finding extends the peak range to 280-350 days beyond old all-time highs.
Based on this analysis, Rekt Capital concludes that Bitcoin’s current bull market high may occur between mid-December 2024 and early March 2025. However, he emphasizes the importance of considering both traditional halving cycles and the insights gained from analyzing old all-time highs.
In conclusion, while Bitcoin’s market remains volatile, Rekt Capital believes that now is a favorable time to invest. By examining patterns and considering different perspectives, he provides a comprehensive analysis of when we can expect the bull market peak to occur.