Cryptocurrency Analysts Suggest Bitcoin Could Reach Its Cyclical Peak If History Repeats

Coin Realm reports:
A widely-followed cryptocurrency analyst has stated that if history repeats itself, he has pinpointed when Bitcoin (BTC) will reach its cyclical peak.
In a new strategy session, cryptocurrency trader Rekt Capital informed his 481,200 followers on social media platform X that the highest-valued cryptocurrency asset typically peaks 518-546 days after the halving event that occurs every four years in April.
“During the 2015-2017 cycle, Bitcoin peaked 518 days after the halving. In the 2019-2021 cycle, Bitcoin’s peak was 546 days post-halving.
If history were to repeat itself, the next bull market peak would occur 518-546 days after the halving… This means Bitcoin could reach its peak for this cycle in mid-September or mid-October 2025.”
However, Rekt Capital notes that due to the recent cryptocurrency market crash, the king of cryptocurrencies’ rate of acceleration has significantly decreased.
“Earlier this year, Bitcoin accelerated for 260 days in this cycle. However, currently, due to over three months of consolidation, this acceleration has significantly slowed down to approximately 150 days.
The longer Bitcoin consolidates after the halving, the more it favors realigning the current cycle with traditional halving cycles.”
Source: Rekt Capital/X
The trader continues by comparing all BTC pullbacks since February 2023 to demonstrate that BTC may have already bottomed out.
“Here is a list of all Bitcoin pullbacks since the 2022 bear market bottom:
-23% (February 2023) -21% (April/May 2023) -22% (July/September 2023) -21% (January 2024) -23.6% (April/May 2024) -to date, 21% (June 2024) The average retracement for this cycle is -22%.
Thus, the current pullback is nearly an average -22% correction.”
Source: Rekt Capital/X
At the time of writing this article, Bitcoin is trading at $56,521, having fallen 2.6% in the past 24 hours.
Don’t miss a beat—subscribe to get email alerts sent directly to your inbox
Check price action
Follow us on X, Facebook, and Telegram
Surf The Daily Hodl Mix
Generated image: Midway