In a recent tweet, well-known crypto analyst Rekt Capital x.com/rektcapital/status/1781281813815550399″ target=”_blank”>deepened on the potential timeline for the next bitcoin market peak, emphasizing the significant impact of the halving cycle on building the btc market path.
As the bitcoin halving will occur between today and tomorrow, April 20, bitcoin has shown less significant market movement. At the time of writing, the asset has a market price of $64,578.
Analyst: 'When could bitcoin peak in this bull market?'
According to Rekt Capital analysis, bitcoin typically peaks in the bull market between 518 and 546 days after a Halving event. Applying this historical timeline, the bull market's next expected peak could fall between mid-September and mid-October 2025.
<img src="https://technicalterrence.com/wp-content/uploads/2024/04/Analyst-Reveals-Bitcoin-Bull-Market-Breakthrough-–-Here39s-What-You.jpeg" alt="bitcoin chart shared by RektCapital on x” />
However, as revealed by Rekt Capital, recent market trends suggest a possible acceleration in the current bitcoin cycle compared to historical patterns, as evidenced by the fact that the cryptocurrency reached new record levels approximately 260 days ahead of schedule. typical.
Despite this apparent acceleration, Rekt Capital noted:
bitcoin has been experiencing a pre-halving pullback for the past month. As a result, bitcoin has been slowing down and slowing down the 30-day cycle so far and counting. So while bitcoin may have been accelerating ~260 days last month… Today this acceleration is now closer to ~230 days due to the current pre-halving retracement.
Additionally, Rekt Capital introduced an alternative view called the “Accelerated Outlook,” which takes into account the duration from bitcoin surpassing its previous peak to the projected culmination of the bull market.
Given bitcoin's recent achievement of new all-time highs in March, this outlook implies that the subsequent bull market peak could occur between December 2024 and February 2025.
<blockquote class="twitter-tweet”>
twitter.com/hashtag/btc?src=hash&ref_src=twsrc%5Etfw” target=”_blank”>#btc
When could bitcoin peak in this bull market?
Historically, bitcoin peaked in its bull market between 518 and 546 days after the Halving (Chart 1)
This is how typical bitcoin halving cycles have progressed
So if history repeats itself…
The next peak of the bull market may occur between 518 and 546 days… pic.twitter.com/QXZUS7ZyjU
-Rekt Capital (@rektcapital) twitter.com/rektcapital/status/1781281813815550399?ref_src=twsrc%5Etfw” target=”_blank”>April 19, 2024
btc Price Dynamics Amid Market Fluctuations
Meanwhile, amid recent market fluctuations, btc is experiencing a slight recovery. At the time of writing, it had risen marginally by 1.4%, bringing its market price to over $64,000. This recovery follows a week-long drop during which bitcoin saw a drop of almost 10%.
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In light of these developments, crypto expert Michaël van de Poppe has shared his thoughts on the possible implications of the impending btc Halving event. Van de Poppe suggests a shift in focus away from bitcoin once the halving occurs, speculating on possible changes in market narratives.
While he did not specify the exact narrative change, Van de Poppe previously x.com/CryptoMichNL/status/1780672576962035732″ target=”_blank”>border expectations for the cryptocurrency market, including an anticipated emphasis on ethereum (eth) and projects focused on Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) after the Halving.
<blockquote class="twitter-tweet”>
Expectation:
– twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw” target=”_blank”>#bitcoin consolidate. – twitter.com/hashtag/Altcoins?src=hash&ref_src=twsrc%5Etfw” target=”_blank”>#Altcoins bouncing off its bitcoin peers. – Narrative to switch to eth and DePIN/RWA. – Altcoin strength since Q2/Summer. – Corrections in the third quarter.
It's going to be great, just buy the dip.
—Michaël van de Poppe (@CryptoMichNL) twitter.com/CryptoMichNL/status/1780672576962035732?ref_src=twsrc%5Etfw” target=”_blank”>April 17, 2024
Featured image from Unsplash, chart from TradingView
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