Analyst’s Prediction
Crypto analyst Rekt Capital predicts that Bitcoin’s current bull market cycle could peak in late 2024 or early 2025. He bases this prediction on historical trends, suggesting that the peak could occur within a range of 266 to 315 days from now.
Historical Precedence
In previous bull market cycles, Bitcoin has typically peaked around 266 to 315 days after reaching new all-time highs. However, Rekt Capital notes that the current cycle has been faster than previous ones, with Bitcoin hitting ATHs before the halving event.
Factors to Consider
The analyst also acknowledges that the cycle may be lengthening, as each cycle has historically been longer than the previous one. He estimates that the current cycle could last into February, March, or even April.
Current Market Conditions
At the time of writing, Bitcoin is trading at $73,233, up nearly 3% in the last 24 hours. Rekt Capital believes that the current bull market could peak in the first quarter of 2025 based on his analysis.
