- Rekt Capital’s analysis predicts an extended bull market peak for Bitcoin, diverging from past cycles to suggest a longer duration beyond previous highs.
- Historical patterns indicate Bitcoin’s market peak could extend up to 350 days post-surpassing previous records, hinting at a prolonged rally.
- With Bitcoin’s recent breakthrough, the anticipated peak could shift between late 2024 and early 2025, reflecting an evolving market dynamic.
In a groundbreaking analysis shared via a recent X post, esteemed cryptocurrency analyst Rekt Capital has delved into the intriguing patterns of Bitcoin’s bull market cycles. In a recent X post, the analyst forecasted the potential timing for Bitcoin’s next bull market zenith, suggesting a departure from past cycles towards an extended peak period.
According to the analyst, Bitcoin traditionally heralds a bull market climax between 266 to 315 days after surpassing previous all-time highs. Bitcoin shattered its preceding record highs just last week, marking a significant milestone and setting the stage for an anticipated bull market peak within the specified timeframe. This indicates a likely apex from late November 2024 to late January 2025.
Rekt Capital has brought up an interesting perspective on the current Bitcoin cycle. Despite the acceleration of the cycle, there is a noticeable increase in the time duration that Bitcoin spends above its previous peaks. Based on the analysis of historical data, there has been a gradual rise in the number of days leading up to Bitcoin’s market peak. In 2013, the rally lasted for 268 days, which increased to 280 days in 2017 and reached 315 days in the current 2021 cycle. This pattern suggests a consistent expansion, with an additional 14 to 35 days spent beyond the previous all-time highs.
With this historical precedent, the analyst speculates the duration Bitcoin might sustain beyond its recent all-time highs before embarking on its next bull market peak. Factoring in the additional 14 to 35 days based on past trends, the analyst posits that the forthcoming bull market peak could be stretched to between 280 to 350 days. This adjustment could extend the peak window to as late as mid-December 2024 or even mid-February 2025.
As of the press time, Bitcoin (BTC) is trading at $71,830, marking a 0.21% increase in its price within the last 24 hours and a significant 7.01% surge over the previous week. The cryptocurrency has seen a trading volume of $54,678,843,261 during this period.
Rekt Capital’s insights underscore the dynamic and evolving nature of Bitcoin’s market cycles and highlight the increasing periods of growth and expansion beyond previous benchmarks. As the crypto community watches closely, this analysis offers a nuanced perspective on the timing and trajectory of Bitcoin’s anticipated bull run, setting the stage for an extended period of market excitement and speculation.
