Bitcoin is currently trading in a tight range between $67,000 and $65,500, showing unclear direction in the market. This lack of direction is due to unexpected economic data and the recent impact of Spot ETH ETFs approval taking away bitcoin from the limelight.
Many in the crypto community expected, that the Bull Run would begin after the Bitcoin halving event held in April 2024, but things took a downturn. Looking at the historical Bitcoin halving pattern well-known crypto analyst Rekt Capital has outlined the possible timeline for when the next Bitcoin Bull Run will truly begin.
According to Rekt Capital analysis, Bitcoin could potentially reach its peak in the current cycle around mid-September to mid-October 2025. This prediction is based on the historical pattern observed in the past Bitcoin halving events.
Rekt Capital’s analysis focuses on the timing of Bitcoin’s peak in previous halving cycles. In the 2015-2017 cycle, Bitcoin reached its peak 518 days after the halving event. Similarly, in the 2019-2021 cycle, the peak occurred 546 days post-halving.
Drawing from these patterns, Rekt Capital suggests that if the trend continues, Bitcoin could experience its peak in the current cycle within the timeframe of mid-September to mid-October 2025.
While historical data provides valuable insights, Rekt Capital also notes that Bitcoin’s current cycle is moving faster than expected compared to previous cycles, about 170 days ahead of past cycles. This faster pace adds uncertainty to when Bitcoin’s peak might happen this time around.
Rekt Capital suggests that savvy investors recognize there are times to panic and times to accumulate, and these moments often coincide. The analysis indicates that current selling activity might cause a short-term increase in BTC price, followed by a significant downturn, potentially leading to a market free fall.
Currently, Bitcoin’s price is trending downward after a brief recovery to $68000. BTC’s price has now dropped to around $65,650, as it failed to break above $70000 again.
Also Read : Crypto Market Crash: How Low Can Bitcoin and Altcoins Drop?
Bitcoin is holding steady around $119,366 today with little movement, but altcoins have been stealing…
This week, the crypto market braces for key U.S. economic updates that could influence both…
Small investments can yield significant profits in meme coins, and a few lesser-known tokens are…
Dogecoin has staged a powerful comeback, surging over 32% in the past seven days and…
The NFT market has made a dramatic comeback, with its total market capitalization surging past…
The new week kicks off with strong momentum in the crypto market, as prices continue…
