Crypto analyst Rekt Capital has given information about when the price of Bitcoin will reach the highest level of its cycle. His analysis gives confidence that the leading crypto is still far from the top of the market, even though its price has declined. Recent drop to new lows This week.
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When will Bitcoin peak in this bull run?
Rekt Capital is mentioned in X (formerly Twitter) Post If history repeats itself, Bitcoin could peak in this cycle either in mid-September or mid-October 2025. The analyst noted that Bitcoin peaked 518 days after the halving event 2017 Bull Run and 546 days after the halving event 2021 bull run,
Based on this, the analyst estimates that Bitcoin’s market top could last between 518 and 546 days during this bullish period. Half eventWhich happened in early April. According to this timeline, the projected peak of Bitcoin will happen in September or October next year. Meanwhile, Rekt Capital again pointed to the fact that Bitcoin was rising sharply 260 days into this cycle at the start of this year.
However, that is no longer the case, thanks over Consolidation period of three months The flagship crypto has experienced a steep decline since the halving event. Rekt Capital claimed that the rate of acceleration “has slowed down significantly and is now around 150 days.” He added that the longer Bitcoin consolidates, the more likely it is to get back in sync with the traditional halving cycle.
The crypto analyst has also refused to be deterred by Bitcoin’s current price action, which some claim shows that its bull run is over. However, Rekt Capital has it has been said over and over again Bitcoin will go back to such depths that one would believe that Bull Run will end, and then it will continue its upward trend.
in the other x postRekt Capital noted that Bitcoin’s downtrend, which started last monthA major trend change is worth watching for. The analyst commented that “the breakout of a multi-week downtrend would mark the start of at least a multi-week uptrend” for the leading crypto.
Bitcoin is now trading at $56,693. Chart: TradingView
'This is not cycle top vibes'
Crypto analyst MikiBull Crypto It also believes that Bicycle Top Despite the recent drop in Bitcoin, there has been no recovery yet, They said The analyst also said that the bottom of Bitcoin’s current sell-off might be closer than everyone thinks, adding that this scenario plays out in the third quarter of 2023 when most people think it’s over.
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Analyst previously mentioned that the cycle top has not yet arrived and classified this market drop as the “final shock” before Bitcoin reaches its peak in this bullish phase. MickyBull Crypto also claimed that Bitcoin has a cycle top Price target $171,000Which means the leading crypto will still hit new All-time highs (ATHs) Before the boom period could be considered over.
Featured image via Getty Images, chart via TradingView
