Bitcoin Long-Term Outlook: Analyst Foresees Peak In Late 2025
April 29 2024 - 11:00AM
NEWSBTC
Following the fourth Bitcoin Halving, Rekt Capital, a popular
cryptocurrency trader and expert, has offered a compelling
narrative on the future trajectory of Bitcoin, predicting that the
crypto asset could peak this bull cycle in the following year. Rekt
Capital’s analysis emphasizes on the possibility that this current
cycle could reiterate past Halving cycle trends, positioning BTC
for significant gains in the coming months. Bitcoin Could Mirror
Past Halving Cycle According to the analyst, Bitcoin reached its
all-time high within 518 days following the Halving in the
2015–2017 cycle. Meanwhile, after the event in the 2019-2021 bull
cycle, the digital asset topped out within 546 days. This suggests
that the event has always catalyzed massive growth for the leading
cryptocurrency asset. Related Reading: Legendary Trader Predicts
When Bitcoin’s Bull Run Will End Should the past trend hold, the
next bull market top might happen between 518 and 546 days
following the recently concluded fourth Halving, particularly
around the middle of September or middle of October in 2025,
according to Rekt Capital. The analyst noted that in this cycle
Bitcoin is accelerating by about 220 days currently. Thus, the
longer time BTC consolidates after this Halving, it will be better
for resynchronizing this current cycle with the previous events
cycle. Rekt Capital also noted that Bitcoin has experienced further
declines in the three weeks after the Halving, according to
historical data from 2016. He has labeled the period as the
Post-Halving “Danger Zone,” this is where there is a chance of
downside volatility at the range low of the Re-accumulation Range.
In 2016, approximately 21 days after the occurrence, Bitcoin saw a
lengthy -11% decline before gaining momentum toward the upside.
However, data for 2016 indicates that if there will be downside
volatility in this cycle around the Re-Accumulation Range Low, it
may happen during the following 15 days. Although the post-Halving
danger zone ends in 15 days, the 2016 data indicates that there may
be some negative volatility in the interim, possibly reaching the
$60,600 Range Low. Parabolic Phase For BTC It is worth noting that
Rekt Capital anticipates a parabolic phase after the
re-accumulation phase is concluded. During this stage, Bitcoin
usually sees massive growth leading all the way up to a new
all-time high. Related Reading: Bitcoin’s Next Move Revealed:
Trading Guru Reveals This Cryptic Chart Pattern, Here’s What It
Says In the previous Halvings, Bitcoin would historically
consolidate in this Re-Accumulation Range for up to 150 days before
ultimately entering a parabolic phase. Once BTC breaks out of this
re-accumulation stage, Rekt Capital expects BTC to see a parabolic
upside by September this year if it consolidates within the
aforementioned timeframe. At the time of writing, BTC was down by
over 5% in the past 7 days and was trading at $62,504. Presently,
its market cap is down by 1.53%, while its trading volume has
increased by over 22% in the last 24 hours. Featured image from
iStock, chart from Tradingview.com
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