With increasing conversations in the crypto community regarding the upcoming cycle peak of Bitcoin, a market expert has shared insights into this critical topic along with a possible timeline for the largest digital currency to reach a price high in the current cycle.
Bitcoin’s Next Cycle Peak Expected in 2025
In a daring forecast on the X (formerly Twitter) platform, Rekt Capital, a known crypto expert and trader, has identified a concrete timeline for Bitcoin’s next cycle high, indicating that the digital asset might embark on a significant rally soon.
Rekt Capital posits that the next cycle peak for BTC could occur next year, drawing upon historical trends and essential market cycles, especially surrounding the Bitcoin Halving event, which aligns with past bull run patterns.
As per the market expert, preceding the 2016 Halving event, Bitcoin had its lowest point 547 days prior and then peaked in its bull market approximately 518 days later. Additionally, the price of BTC reached a high in its bull market 549 days after the Halving in 2020, having bottomed out around 517 days before.
Similarly, ahead of the April 2024 Halving, Bitcoin also saw its price bottoming out 517 days earlier. Therefore, Rekt Capital believes that the crypto asset may reach a peak about 549 days into its bull market following the Halving, which positions the cycle high to occur around October 2025. Considering these recurring patterns, the analyst has emphasized two significant insights for investors and traders as they prepare for notable price shifts leading up to the cycle’s peak.
The first insight that Rekt Capital points out is that the Bitcoin Halving behaves like a mirror. This occurs because BTC Bear Market Bottoms happen roughly the same number of days before the Halving as it takes for the crypto asset to reach Bull Market Tops after the Halving. The second insight is that the best phase of the Bitcoin bull market is still ahead.
BTC Approaching the Parabolic Upside Phase
It’s important to note that BTC’s journey towards a cycle peak might be initiating soon, as the analyst foresees an upcoming change in market sentiment. After examining the current BTC price movements, Rekt Capital mentioned that historical patterns indicate the asset will transition from its Reaccumulation phase into its Parabolic Upside phase in the near future.
Historically, between 154 and 161 days after the Halving, BTC has surged past its Reaccumulation phase. Given that this current cycle’s asset has been in this phase for approximately 157 days post-event, the expert anticipates a breakout in the coming days.
Featured image from Unsplash, chart from Tradingview.com
