A popular crypto analyst, Rekt Capital, predicts Bitcoin’s current bull market might end sooner than you think.
A Two-to-Three Month Window?
With a massive following of over 550,000 on X (formerly Twitter), Rekt Capital suggests Bitcoin could peak in just two or three months. This prediction is based on historical patterns following previous Bitcoin halvings. The analyst points out that past bull markets typically peaked around 518 to 546 days after a halving event. Since the last halving happened in April 2024, this timeline puts the potential peak between mid-September and mid-October.
A Calm Before the Storm?
Rekt Capital describes the current market as “the calm before the storm,” implying a significant price movement is imminent. Bitcoin is currently trading around $109,386.
High Risk, Low Reward?
The analyst cautions that even if the bull market extends beyond October, trying to squeeze out extra gains might be too risky. He questions whether the potential for a 20-30% further increase is worth the risk of a subsequent 60-70% bear market crash.
Altcoins Await Bitcoin’s Breakout
Rekt Capital also shared his outlook on altcoins. He believes they could see a significant rally once Bitcoin surpasses its current all-time high of just under $112,000. He points to previous instances where altcoins surged after Bitcoin broke into new price discovery territory.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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