Cryptocurrency Analyst Rekt Capital He offered insights into when Bitcoin will hit its cycle highs. His analysis offered reassurance that the leading cryptocurrency is still far from the market top despite Recent drop to new lows this week.
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When will Bitcoin price peak in this rise?
Rekt Capital was mentioned on X (formerly Twitter) mail Bitcoin could peak in this cycle sometime in mid-September or mid-October 2025 if history repeats itself. The analyst noted that Bitcoin peaked 518 days after the halving event during Bull Run 2017 546 days after the half-life event Bull Run 2021.
Accordingly, the analyst expects the Bitcoin market to reach its peak in this bull run within the period of 518 to 546 days after Half eventwhich happened earlier in April. This timeline puts Bitcoin’s expected peak sometime in September or October of next year. Meanwhile, Rekt Capital has again pointed out the fact that Bitcoin was accelerating in this cycle by 260 days earlier this year.
However, this is no longer the case thanks to Three month unification period The leading cryptocurrency has been on a roll since the halving event. Rekt Capital claimed that the acceleration rate has “slowed down significantly and is now around 150 days.” He added that Bitcoin is likely to re-sync with the traditional halving cycle the longer it consolidates.
The crypto analyst also refused to back down from his decision due to Bitcoin’s current price action, which some claim indicates that the price rally is over. However, Rekt Capital has announced It has been mentioned over and over again. That Bitcoin will fall back deep enough to convince anyone that bull run It is over, and will continue its upward trend after that.
in another place X PostRekt Capital reported that Bitcoin’s downtrend, which… It started last month.is a coin to watch for any major trend shift. The analyst noted that a break of the “several-week downtrend would signal the start of an uptrend lasting at least several weeks” for the leading cryptocurrency.
Bitcoin is now trading at $56,693. Chart: TradingView
“This is not the best weather course.”
Mikybull Cryptocurrency Analyst It is also believed that Bike top It has not been launched yet despite the recent decline in Bitcoin, a permit The analyst said that this price move is “not the top of the cycle.” The analyst also said that the bottom of the current sell-off in Bitcoin may be closer than everyone thinks, noting that this scenario occurred in the third quarter of 2023 when most people thought it was over.
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analyst previously mentioned That the cycle top has not yet been reached and he simply classified this downtrend of the market as a “final shakeout” before Bitcoin reaches its peak in this rally. Mikybull Crypto also claimed that Bitcoin has a cycle top Target price $171,000This means that the leading cryptocurrency will continue to set new records. All-time Highs (ATHs) Before the price hike is considered over.
Featured image by Getty Images, chart by TradingView