Bitcoin Approaches ATH
As the leading cryptocurrency, Bitcoin (BTC) gradually approaches its previous all-time high (ATH) of around $111,700, speculation arises about its ability to sustain this upward momentum.
At this juncture, some analysts suggest that recent BTC movements indicate an accumulation phase preceding a rise, while others believe that BTC has reached its peak and that the bullish trend may soon end.
Analyst Insight: Rekt Capital
Rekt Capital, a notable analyst, posits that Bitcoin’s bull cycle may conclude within three months.
The Bull May End in October!
According to Rekt Capital, if Bitcoin mirrors its 2020 cycle patterns, there may only be a couple of months left in the current bull cycle. The analyst suggests that the bull run could peak this October.
Rekt notes that if Bitcoin’s cycle follows the 2020 model, the market might reach its peak approximately 550 days post the Bitcoin halving scheduled for April 2024.
> “We potentially have two to three months left in this bull market.”
This prediction stands in contrast to other forecasts projecting the bull market could extend to 2026. Rekt argues that many analysts overlook the significance of the halving cycle and historical trends.
> “Many people are happy to throw away time-tested principles, but it is really important to trust such criteria.”
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> “The historically reliable halving metric has been sidelined in favor of new narratives, such as Bitcoin’s correlation with the global M2 Money Supply.”
This is not investment advice.
Comments (3)
Mufutau Folorunsho Adeleke
07:22 - 05/07/2025
Rekt capital is most believed by me, people fail to realize the trend it crypto market which bullish can pull any moment
SOBA SESAN
23:09 - 04/07/2025
Great
SOBA SESAN
23:09 - 04/07/2025
Great