The post Experienced Analyst Says “The Bull in Bitcoin Isn’t Over”, Gives Date for the Actual Peak appeared on BitcoinEthereumNews.com.

Cryptocurrency analyst Rekt Capital has offered an intriguing analysis of Bitcoin’s market cycles, suggesting that the current bull market could extend until October 2025. Drawing on historical patterns surrounding previous Bitcoin halving events, the analyst believes that BTC’s price trajectory follows a familiar pattern. Rekt Capital noted that Bitcoin bottomed 547 days before the 2016 halving and peaked 518 days after the event. A similar pattern was observed around the 2020 halving, where Bitcoin bottomed 517 days before and peaked 549 days after. Now, ahead of the halving that occurred in 2024 a few months ago, Bitcoin appears to have bottomed 517 days before the event, suggesting that the next peak could occur around October 2025, around 549 days later. This analysis suggests that Bitcoin’s market behavior is closely tied to halving cycles, where bear market bottoms and bull market tops are symmetrically spaced around the halving. According to Rekt Capital, this pattern suggests that the current bull market is still ongoing and could continue for some time. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/experienced-analyst-says-the-bull-in-bitcoin-isnt-over-gives-date-for-the-actual-peak/

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Filed under: News - @ September 7, 2024 6:15 pm