Rekt Capital Cryptocurrency Analyst provided insight into when Bitcoin price will reach its cycle peaks. His analysis provided confidence that the flagship cryptocurrency is still far from the market peak, despite recent drop to modern lows this week.
When Bitcoin Tops This Bull Run
Rekt Capital listed on X (formerly Twitter) fasting that Bitcoin could peak in this cycle in mid-September or mid-October 2025 if history were to repeat itself. The analyst noted that Bitcoin peaked 518 days after the halving event during Bull Run 2017 and 546 days after the halving event Bull market in 2021.
Based on this, the analyst predicts that the bitcoin market peak during this growth period could occur between 518 and 546 days after halving eventwhich occurred earlier in April. This timeline places Bitcoin’s projected peak sometime in September or October of next year. Meanwhile, Rekt Capital again referenced the fact that Bitcoin accelerated through this cycle by 260 days earlier this year.
However, thanks to more than three-month consolidation period flagship cryptocurrency has experienced since the halving. Rekt Capital claimed that the acceleration rate has “decreased dramatically and is currently around 150 days.” It added that Bitcoin will likely resynchronize with the established halving cycle the longer it consolidates.
The cryptocurrency analyst also refused to be discouraged by Bitcoin’s current price action, which some believe suggests the bull run is over. However, Rekt Capital has It has been stated many times that Bitcoin will fall so far that it will convince everyone that running of the bulls will end and then the upward trend will continue.
In another Posts XRekt Capital mentioned that the downtrend of Bitcoin, which started last monthis one to watch for in the context of a major trend change. The analyst noted that a breakout of the “multi-week downtrend would result in the beginning of at least a multi-week uptrend” for the flagship cryptocurrency.
Bitcoin is now trading at $56,693. Chart: TradingView
“These are not Cycle Top vibes”
Cryptocurrency Analyst Mikybull Crypto he also believes that top of the bike it’s not there yet, despite the recent drop in Bitcoin value, stating that this price action is “not the top of a cycle.” The analyst also said that the current bottom of the Bitcoin sell-off may be closer than everyone thinks, noting that this scenario played out in the third quarter of 2023, when most people thought it was already over.
Analyst previously mentioned that the top of the cycle has not yet arrived and he simply classified this downtrend in the market as a “final shakeout” before Bitcoin peaks in this bull run. Mikybull Crypto also claimed that Bitcoin has a cycle top target price $171,000which means the flagship cryptocurrency will continue to hit modern All-time highs (ATH) before the bull market was deemed to be over.
Featured image from Getty Images, chart from TradingView
