• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Seasoned Analyst Outlines Key Steps for Bitcoin to Surge to Record Highs

May 31, 2024
in Australian Crypto News
Reading Time: 3min read
0 0
A A
0
Seasoned Analyst Outlines Key Steps for Bitcoin to Surge to Record Highs
0
SHARES
6
VIEWS
ShareShareShareShareShare
  • RektCapital highlights Bitcoin’s cyclical price peaks following Halving events, suggesting the next peak could occur between mid-September and mid-October 2025.
  • Currently, Bitcoin is about 180 days ahead of its typical post-Halving schedule, indicating the peak may arrive earlier unless the market consolidates.
  • Extended consolidation could align this accelerated cycle with past patterns, aiding in market stability and timing predictions.

Popular analyst RektCapital reminds us in a post about the cyclical nature of Bitcoin. According to his analysis, there’s a notable trend where the price tends to peak a significant number of days following the Halving event – an event where the reward for mining Bitcoin transactions is halved.

Related: Ethereum Funds Could Start Trading Soon as SEC Demands Response by Week’s End

This happens approximately every four years, reducing the rate at which new BTC is generated.

Observations from past cycles show that Bitcoin peaked 518 days after the 2015 Halving and 546 days after the 2019 Halving. Based on these past cycles, if similar trends follow, the next peak in Bitcoin’s price could occur around mid-September to mid-October 2025, according to Rekt’s analysis.

If history repeats and the next Bull Market peak occurs 518-546 days after the Halving… That would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025.

RektCapital
Bitcoin/US Dollar, source: RektCapital/TradingView

Bitcoin Ahead of Schedule, Analyst Believes

However, the analyst said currently the Bitcoin price cycle is accelerating, running approximately 180 days ahead of the traditional timeline. This acceleration suggests that the peak might occur earlier than the historical average unless the price begins to consolidate.

So the longer Bitcoin consolidates after the Halving, the better it will be for resynchronising this current cycle with the traditional Halving cycle.

RektCapital

Consolidation refers to a period where the price stabilises, moving sideways rather than trending sharply upwards or downwards.

A longer consolidation phase post-Halving could serve to realign this cycle more closely with previous cycles, potentially smoothing out the acceleration and bringing the peak timing back in line with the traditional 518 to 546-day post-Halving window.

This alignment would help maintain the predictability of Bitcoin’s price movements in relation to its Halving cycles.

Related: Ripple CEO Says ETFs “Matter of Time” for Multiple Funds Including XRP, Solana, Cardano

However, not everyone agrees with these predictions. User Cave Hermit (@BaBig90) predicts the cycle will end around December this year and issues a stern warning. 

Cave Hermit says that holding past a cycle top can lead to great disappointment and result in becoming what they call a “permanent bag holder” having to endure the bear market, waiting for a renewed bull run.

This Cycle is over at the end of 2024 around December. Like EVERY other one. I love your analysis, but I’ve listened to this twice. Held past December. Everyone sells in Jan/December to pay their taxes, while telling you “Supercycle” and you become a permanent bag holder for a…

— Cave Hermit (@BaBig90) May 30, 2024


Credit: Source link

ShareTweetSendPinShare
Previous Post

Pro-Crypto Presidential Hopeful Robert F. Kennedy Jr. Embraces ‘Ape’ Moniker, Snaps Up GME, and Pledges to Outlaw Short-Selling

Next Post

Singapore’s Multinational Bank DBS Denies Holding $650 Million in ETH, Following Nansen Post

Next Post
Singapore’s Multinational Bank DBS Denies Holding $650 Million in ETH, Following Nansen Post

Singapore's Multinational Bank DBS Denies Holding $650 Million in ETH, Following Nansen Post

You might also like

Bitcoin Spot ETFs See 14-Day Netflows Surge: Demand Returning?

Bitcoin Spot ETFs See 14-Day Netflows Surge: Demand Returning?

March 6, 2026
Bitcoin Price Prediction: Florida’s Crypto Bill and $198B U.S. Surplus Boost Market Outlook

Bitcoin Price Prediction: Oil Just Exploded 20% — Is BTC About to Crash?

March 10, 2026
ETH USD: Is the Ethereum Breakout a Bull Trap?

ETH USD: Is the Ethereum Breakout a Bull Trap?

March 6, 2026
Crypto Price Prediction Today 11 March – XRP, Solana, Dogecoin

Crypto Price Prediction Today 11 March – XRP, Solana, Dogecoin

March 11, 2026
Paxos Launches Yield-Bearing Stablecoin on Injective (INJ)Network

INJ Price Prediction: Injective Targets $3.50-$4.20 Recovery by April 2026

March 7, 2026
Pundit Says XRP Price Could Reach $1,000 By The End Of 2026 If This Happens

Pundit Says XRP Price Could Reach $1,000 By The End Of 2026 If This Happens

March 8, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

XRP Bollinger Bands Are Squeezing—Volatility Incoming?

XRP Bollinger Bands Are Squeezing—Volatility Incoming?

March 12, 2026
Ethereum Scarcity Index Turns Positive as ETH USD Pushed Back Above $2,000

Ethereum Scarcity Index Turns Positive as ETH USD Pushed Back Above $2,000

March 12, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.