dailyhodl.com
One widely followed crypto analyst says that Bitcoin (BTC) could be in the middle of a phase of largely uninterrupted upside.
Pseudonymous crypto analyst Rekt Capital tells his 505,900 followers on the social media platform X that BTC’s current run run could continue unabated for a few more weeks.
At time of writing, Bitcoin is trading just below $85,000, rallying nearly $20,000 in under a month.
Says Rekt,
“BTC history suggests that we may not have a deeper pullback for a few more weeks
Until then, we’ll be lucky to get any brief dips in the meantime
Generally, the first multi-week Price Discovery wave tends to enjoy mostly uninterrupted upside.”
In a lengthier analysis, the analyst points out how, based on historical cycles tied to the Bitcoin halving when miners’ rewards are cut in half, BTC is aiming for a bull market peak in October of next year.
“Bitcoin bottomed 547 days prior to the 2016 Halving but topped in its Bull Market 518 days after the 2016 Halving
Bitcoin bottomed 517 days prior to the 2020 Halving but topped in its Bull Market 549 days after the 2020 Halving
Bitcoin bottomed 517 days before the 2024 Halving but may very well top in its Bull Market ~549 days after the 2024 Halving
That’s October 2025
History suggests two takeaways:
- The Halving acts like a mirror. Bitcoin Bear Market Bottoms occur a similar amount of days prior to the Halving compared to the amount of days its takes for Bitcoin to form Bull Market Tops after the Halving
- The best of the Bitcoin Bull Market is yet to come…”
Generated Image: DALLE3