Fintech
Here is the timeline of Bitcoin’s bull run
Bitcoin is currently trading in a tight range between $67,000 and $65,500, showing an unclear direction in the market. This lack of direction is due to unexpected economic data and the recent impact of the approval of Spot ETH ETFs which took Bitcoin out of the limelight.
Many in the crypto community expected the The running of the bulls would begin after the Bitcoin halving held in April 2024, but things took a downturn. Looking at Bitcoin’s historic halving pattern, renowned crypto analyst Rekt Capital has outlined the possible timeline for when the next Bitcoin Bull Run will truly begin.
Historical Bitcoin halving cycles
According to analysis by Rekt Capital, Bitcoin could potentially reach its peak in the current cycle between mid-September and mid-October 2025. This prediction is based on the historical pattern observed in the latest Bitcoin halving events.
Rekt Capital’s analysis focuses on the timing of Bitcoin’s peak in previous halving cycles. In the 2015-2017 cycle, Bitcoin reached its peak 518 days after the halving event. Similarly, in the 2019-2021 cycle, the peak occurred 546 days after the halving.
Based on these models, Rekt Capital suggests that, if the trend continues, Bitcoin could reach its peak in the current cycle between mid-September and mid-October 2025.
Current cycle ahead of the previous one
While historical data provides valuable information, Rekt Capital also notes that Bitcoin’s current cycle is moving faster than expected compared to previous cycles, approximately 170 days ahead of past cycles. This faster pace adds uncertainty as to when Bitcoin’s peak might occur this time.
It’s time to accumulate more
Rekt Capital suggests that savvy investors recognize that there are times to panic and times to accumulate, and these times often coincide. The analysis indicates current sales activity could cause a short-term increase of the BTC price, followed by a significant drop, which could lead to a market free fall.
Currently, Bitcoin price is trending lower after a brief recovery to $68,000. The price of BTC is now it dropped to about $65,650as it failed to surpass $70,000 again.