Markets
Expert Predicts When Bitcoin Price Will Hit Cyclical Highs
Crypto Analyst Rekt Capital provided insights into when Bitcoin’s price will reach its cyclical highs. His analysis provided reassurance that the flagship cryptocurrency is still far from a market top despite its recent decline to new lows this week.
When will Bitcoin peak in this bull run?
Rekt Capital mentioned in an X (formerly Twitter) job 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 the Running of the Bulls 2017 and 546 days after the halving event during the 2021 Bull Run.
Based on this, the analyst predicts that the Bitcoin market peak in this bullish period could occur between 518 and 546 days after the halving eventthat occurred earlier in April. That timeline puts the expected peak for Bitcoin somewhere in September or October of next year. Meanwhile, Rekt Capital again hinted that Bitcoin was accelerating in this 260-day cycle earlier this year.
However, this is no longer the case thanks to the three-month consolidation period The flagship cryptocurrency has seen an acceleration since the halving event. Rekt Capital claimed that the acceleration rate has “dropped significantly and is now around 150 days.” It added that Bitcoin will likely resynchronize with the traditional halving cycle as it consolidates.
The crypto analyst also refused to be discouraged by Bitcoin’s current price action, which some say suggests the bull run is over. However, Rekt Capital has stated repeatedly that Bitcoin will retrace deeply enough to convince anyone that the bullfight is over, and then the upward trend will continue.
In other X postRekt Capital mentioned that the downtrend of Bitcoin, which started last monthis one to watch for a major trend change. The analyst noted that a breakout of the “multi-week downtrend would lead to the start of at least a multi-week uptrend” for the flagship cryptocurrency.
Bitcoin is now trading at $56,693. Chart: TradingView
“This is not the atmosphere of the top cycle”
Crypto Analyst Mikybull Crypto also believes that the bike top is not there yet despite the recent decline of Bitcoin, declarant that this price action “doesn’t match the vibes of the cycle top.” The analyst also said that the current bottom of Bitcoin’s selloff may be closer than everyone thinks, noting that this scenario played out in Q3 2023, when most people thought it was over.
The analyst previously mentioned that the cycle top has not yet been reached and simply categorized this market downtrend as the “final shakeout” before Bitcoin tops out in this bull run. Mikybull Crypto also claimed that Bitcoin has a cycle top $171,000 price targetmeaning the flagship cryptocurrency will continue to reach new highs historical highs (ATH) before the bull run is considered over.
Featured image from Getty Images, chart from TradingView