Bitcoin Price Prediction, Based on Historical Patterns

A well-regarded crypto analyst has shared insights on the potential peak of Bitcoin (BTC) within the current bullish market cycle.

In a recent YouTube video, the analyst known as Rekt Capital, discussed the historical patterns of Bitcoin’s market cycles.

Drawing from past data, Rekt Capital suggests that Bitcoin may reach its peak in late 2024 or early 2025, based on a timeframe ranging from 266 to 315 days.

Acknowledging the possibility of the cycle extending in duration, the analyst points out that historical trends indicate a lengthening of each cycle. Considering this, the peak of the current cycle might occur later than anticipated, potentially extending into February, March, or even April.

Additionally, Rekt Capital observes that the current cycle is exhibiting a faster pace compared to previous ones, reaching all-time high prices before the halving event instead of after, as seen in past cycles.

This acceleration, combined with the potential for a longer cycle duration, could influence the timing of the peak, possibly occurring in the first quarter of 2025.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.