Recently on Twitter, well-known cryptocurrency expert Rekt Capital shared insights about the possible schedule for Bitcoin‘s (BTC) upcoming bull market top, stressing the importance of the halving cycle in guiding BTC’s market trend. In his opinion, based on past trends, Bitcoin typically reaches its highest point in a bull market around 518 to 546 days following a halving event.
According to this timeline, the next peak for Bitcoin’s bull market is predicted to occur between September and October 2025. However, current market trends indicate that Bitcoin’s present cycle could be advancing more rapidly than past patterns. Specifically, Bitcoin reached a new record-breaking price around 260 days earlier than typical.
Pre-halving retrace
Bitcoin seemed to be picking up speed in the past month, but actually went through a pre-halving pullback. This pullback caused a sluggishness in the trend, making the bull market last around 30 days less than expected, which was approximately 260 days. The slowdown of Bitcoin’s advance has extended the length of the bull market cycle by roughly 30 days.
Simultaneously, Rekt Capital presented a new perspective called “Accelerated Timeline” which calculates the time from when Bitcoin surpasses its previous record high to the possible peak of the upcoming bull market. Based on this, the peak could be expected around 266 to 315 days following the record-breaking event. Since Bitcoin hit new record highs in March, according to this viewpoint, the next bull market peak may emerge between December 2024 and February 2025.
In simple terms, both the conventional outlook based on Bitcoin’s halving cycles and the faster perspective provide useful perspectives regarding the possible peak of its next bull market. The current trend indicates that the usual halving cycle duration might be shortened, which could result in a more rapid market peak.
Despite their importance, it can’t be overlooked that long-lasting correction or consolidation phases may postpone the cycle’s completion and potentially hinder the anticipated bull market top. Thus, as Bitcoin moves through its present market phase, observers are keeping a keen eye on these elements to ascertain a more precise prediction of when the upcoming bull market peak is likely to take place.
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2024-04-19 17:05