Bitcoin
Here’s When Bitcoin Could Hit Its Cycle Peak If History Repeats Itself, According to Crypto Analyst
A widely followed cryptocurrency analyst says he was identified when Bitcoin (BTC) could reach its peak cycle if history were to repeat itself.
In a new strategy session, cryptocurrency trader Rekt Capital account its 481,200 followers on social media platform X that the top crypto asset by market cap tends to peak 518 to 546 days after its halving event, which occurs in April every four years.
“In the 2015-2017 cycle, Bitcoin peaked 518 days after the halving. In the 2019-2021 cycle, Bitcoin peaked 546 days after the halving.
If history repeats itself and the next bull market peak occurs 518-546 days after the halving… That would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025.”
However, Rekt Capital notes that the acceleration rate of the king of cryptocurrencies has dropped dramatically due to the latest crypto market crash.
“Earlier this year, Bitcoin was accelerating in this cycle at 260 days. Currently, however, thanks to this consolidation of more than 3 months, this acceleration rate has dropped dramatically and is now approximately 150 days.
The longer Bitcoin consolidates after the halving, the better it will be to resynchronize this current cycle with the traditional halving cycle.”
Source: Rekt Capital/X
Trader continues to argue that BTC has likely bottomed comparing all BTC pullbacks since February 2023.
“Here is a list of all Bitcoin pullbacks dating back to the 2022 bear market bottom:
- -23% (February 2023).
- -21% (April/May 2023).
- -22% (July/September 2023).
- -21% (January 2024).
- -23.6% (April/May 2024).
- -21% so far (June 2024) The average drawdown in this cycle is -22%.
So this current pullback is almost an average correction of -22%.”
Source: Rekt Capital/X
Bitcoin is trading at $56,521 at the time of writing, down 2.6% over the past 24 hours.
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