When Will Bitcoin Price Reach Its Peak in This Bull Market?
The post When Will Bitcoin Price Reach Its Peak in This Bull Market? appeared first on Coinpedia Fintech News
Amidst Bitcoin’s market volatility, many, including analyst Rekt Capital, believe it’s prime time to buy. In his recent post, he highlights patterns of market peaks in the Bitcoin cycle.
Rekt Capital also delved into the question: When will the Bitcoin bull market end, and how long will it last? If history were to repeat itself, projecting a bull market peak around 518 or 546 days after the halving event, we could anticipate it to land around mid-September or mid-October.
This timeline aligns with the traditional understanding of Bitcoin’s market cycles based on halving events. Hence, he says it’s a good time to buy Bitcoin after a 20% drop and before a rebound. He sees a stronger purchasing opportunity now that the decline has exceeded 20%. He forecasts Bitcoin’s value loss won’t exceed 24% and will stabilize.
Prolonged Consolidation is Beneficial for the Cycle
However, another perspective to consider is the possibility of an accelerated cycle. This theory suggests that market cycles may be shortening due to increased adoption, institutional interest, and other factors. If this accelerated cycle hypothesis holds, the bull market peak could arrive sooner than expected.
Rekt Capital suggests using prior all-time highs to predict the peak. They highlight that Bitcoin’s bull market top occurs 266-315 days after reaching all-time highs. This method provides a new perspective on Bitcoin’s trajectory, especially given its current rapid cycle.
In addition, Rekt Capital examines Bitcoin’s history after breaking old highs, showing a trend of spending longer before the bull market tops. These findings extend the peak range to 280-350 days beyond old all-time highs.
The analysis concludes by presenting that Bitcoin’s current bull market high might occur between mid-December 2024 and early March 2025. However, Rekt Capital highlights the necessity of adopting both approaches, with traditional halving cycles being the key thesis, while acknowledging the insights gained from the analysis based on old all-time highs.
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When Will Bitcoin Price Reach Its Peak in This Bull Market?
The post When Will Bitcoin Price Reach Its Peak in This Bull Market? appeared first on Coinpedia Fintech News
Amidst Bitcoin’s market volatility, many, including analyst Rekt Capital, believe it’s prime time to buy. In his recent post, he highlights patterns of market peaks in the Bitcoin cycle.
Rekt Capital also delved into the question: When will the Bitcoin bull market end, and how long will it last? If history were to repeat itself, projecting a bull market peak around 518 or 546 days after the halving event, we could anticipate it to land around mid-September or mid-October.
This timeline aligns with the traditional understanding of Bitcoin’s market cycles based on halving events. Hence, he says it’s a good time to buy Bitcoin after a 20% drop and before a rebound. He sees a stronger purchasing opportunity now that the decline has exceeded 20%. He forecasts Bitcoin’s value loss won’t exceed 24% and will stabilize.
Prolonged Consolidation is Beneficial for the Cycle
However, another perspective to consider is the possibility of an accelerated cycle. This theory suggests that market cycles may be shortening due to increased adoption, institutional interest, and other factors. If this accelerated cycle hypothesis holds, the bull market peak could arrive sooner than expected.
Rekt Capital suggests using prior all-time highs to predict the peak. They highlight that Bitcoin’s bull market top occurs 266-315 days after reaching all-time highs. This method provides a new perspective on Bitcoin’s trajectory, especially given its current rapid cycle.
In addition, Rekt Capital examines Bitcoin’s history after breaking old highs, showing a trend of spending longer before the bull market tops. These findings extend the peak range to 280-350 days beyond old all-time highs.
The analysis concludes by presenting that Bitcoin’s current bull market high might occur between mid-December 2024 and early March 2025. However, Rekt Capital highlights the necessity of adopting both approaches, with traditional halving cycles being the key thesis, while acknowledging the insights gained from the analysis based on old all-time highs.
Read More