Amidst growing discussions within the general crypto community about The next peak of the bitcoin cycle, a market expert has offered insight into the urgent and a potential timeline for the largest digital asset to experience a price spike in the current cycle.
The next peak of the bitcoin cycle will occur in 2025
In a bold prediction on the x platform (formerly twitter), Rekt Capital, a cryptocurrency expert and trader, has x.com/rektcapital/status/1838503221477642307″ target=”_blank” rel=”noopener nofollow”>indicated a specific timeline for the next peak in bitcoin’s cycle, suggesting that the digital asset could begin a major rally in the near term.
Rekt Capital argues that the next peak in the btc cycle could take place next year citing historical trends and key factors. market cyclesparticularly before and after the bitcoin Halving event, which demonstrates in a consistent manner with previous bullish movements.
According to the market expert, before the Halving event in 2016, bitcoin had hit its lowest point 547 days before and then reached its peak in its bull market about 518 days later. Moreover, the price of bitcoin peaked in the bull market 549 days after the Halving event in 2020, having bottomed approximately 517 days prior.
Meanwhile, ahead of the 2024 Halving held in April, bitcoin also saw its price bottom for 517 days. As a result, Rekt Capital is confident that the crypto asset could experience a peak in the same 549 days in its bull market after the Halving, making the cycle peak take place approximately in October. 2025. Considering these alignment patterns, the analyst has pointed out two key takeaways for investors and traders as they anticipate significant price movements in the period leading up to the peak of the cycle.
The first conclusion highlighted by Rekt Capital is that the bitcoin Halving acts as a mirror. This is because btc's bear market lows occur roughly the same number of days before the Halving as it takes the crypto asset to form bull market highs after the Halving. The second conclusion is that the best of the bitcoin bull market is yet to come.
btc is about to enter the parabolic bullish phase
It is worth noting that btc's path to a cycle peak could begin soon as the analyst predicts an imminent shift in market sentiment. After analyzing btc's current price action, Rekt Capital x.com/rektcapital/status/1838502854912307678″ target=”_blank” rel=”noopener nofollow”>noted that history suggests that the asset will move from its reaccumulation phase to its parabolic bullish phase within the next week or so.
In the past, between 154 and 161 days after the Halving, btc has surpassed its Reaccumulation phase. Since in the current cycle, the asset has remained in this phase for about 157 days after the event, the expert anticipates a escape in the next few days.
Featured image from Unsplash, chart from Tradingview.com
