{"id":628204,"date":"2024-07-06T14:30:29","date_gmt":"2024-07-06T14:30:29","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=628204"},"modified":"2024-07-06T10:41:15","modified_gmt":"2024-07-06T10:41:15","slug":"market-expert-predicts-when-bitcoin-price-will-reach-its-cycle-highs","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/market-expert-predicts-when-bitcoin-price-will-reach-its-cycle-highs\/","title":{"rendered":"Market Expert Predicts When Bitcoin Price Will Reach Its Cycle Highs"},"content":{"rendered":"

Crypto analyst Rekt Capital<\/span><\/a> has provided insights into when the price of Bitcoin will reach its cycle highs. His analysis has provided reassurance that the flagship crypto is still far from a market top despite its <\/span>recent decline to new lows<\/span><\/a> this week.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge<\/a><\/div>\n

When Will Bitcoin Peak In This Bull Run<\/b><\/h2>\n

Rekt Capital mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that Bitcoin could peak in this cycle sometime in mid-September or mid-October 2025 if history were to repeat itself. The analyst noted that Bitcoin peaked 518 days after the halving event during the <\/span>2017 bull run<\/span><\/a> and 546 days after the halving event during the <\/span>2021 bull run<\/span><\/a>.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Based on this, the analyst predicts that Bitcoin\u2019s market top in this bull could occur between 518 and 546 days after the <\/span>halving event<\/span><\/a>, which happened earlier in April. This timeline puts the projected peak for Bitcoin sometime in September or October next year. Meanwhile, Rekt Capital again alluded to the fact that Bitcoin was accelerating in this cycle by 260 days earlier this year.\u00a0<\/span><\/p>\n

However, that is no longer the case thanks to the over <\/span>three-month consolidation period<\/span><\/a> the flagship crypto has experienced since the halving event. Rekt Capital claimed that the rate of acceleration has \u201cdrastically dropped and is now approximately 150 days.\u201d He added that Bitcoin will likely resynchronize with the traditional halving cycle the longer it consolidates.\u00a0<\/span><\/p>\n

The crypto analyst has also refused to be deterred by Bitcoin\u2019s current price action, which some claim suggests that the bull run is over. However, Rekt Capital has <\/span>repeatedly stated<\/span><\/a> that Bitcoin will retrace deep enough to convince anyone that the <\/span>bull run<\/span><\/a> is over, and then it will continue its uptrend.\u00a0\u00a0<\/span><\/p>\n

In another <\/span>X post<\/span><\/a>, Rekt Capital mentioned that Bitcoin\u2019s downtrend, which <\/span>began last month<\/span><\/a>, is one to watch for a major trend shift. The analyst remarked that a break of the \u201cmulti-week downtrend would result in the beginning of at least a multi-week uptrend\u201d for the flagship crypto.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

<\/p>\n

Bitcoin is now trading at $56,693. Chart: TradingView<\/a><\/pre>\n
‘This Is Not The Cycle Top Vibes’<\/b><\/h2>\n
Crypto analyst Mikybull Crypto<\/span><\/a> also believes that the <\/span>cycle top<\/span><\/a> isn\u2019t in yet despite Bitcoin\u2019s recent decline, <\/span>stating<\/span><\/a> that this price action \u201cis not the cycle top vibes.\u201d The analyst also said that Bitcoin\u2019s current sell-off bottom might be closer than everyone thinks and noted that this scenario played out in the third quarter of 2023 when most people thought it was over.\u00a0<\/span><\/p>\n
\"\"<\/p>\n
Related Reading: Buy The Dip? XRP Whales Doing Exactly That \u2013 Is A Price Rally Next?<\/a><\/div>\n
The analyst <\/span>previously mentioned<\/span><\/a> that the cycle top isn\u2019t in yet and simply classified this market downtrend as the \u201cfinal shakeout\u201d before Bitcoin reaches its peak in this bull run. Mikybull Crypto also claimed that Bitcoin has a cycle top <\/span>price target of $171,000<\/span><\/a>, meaning that the flagship crypto will still hit new <\/span>all-time highs (ATHs)<\/span><\/a> before the bull run was considered as being over.\u00a0<\/span><\/p>\n
\"\"<\/p>\n
Featured image from Getty Images, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Rekt Capital has provided insights into when the price of Bitcoin will reach its cycle highs. His analysis has provided reassurance that the flagship crypto is still far from a market top despite its recent decline to new lows this week.\u00a0 Related Reading: Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge When Will Bitcoin Peak In This Bull Run Rekt Capital mentioned in an X (formerly Twitter) post that Bitcoin could peak in this cycle sometime in mid-September or mid-October 2025 if history were to repeat itself. The analyst noted that Bitcoin peaked 518 days after the halving event during the 2017 bull run and 546 days after the halving event during the 2021 bull run.\u00a0 Based on this, the analyst predicts that Bitcoin\u2019s market top in this bull could occur between 518 and 546 days after the halving event, which happened earlier in April. This timeline puts the projected peak for Bitcoin sometime in September or October next year. Meanwhile, Rekt Capital again alluded to the fact that Bitcoin was accelerating in this cycle by 260 days earlier this year.\u00a0 However, that is no longer the case thanks to the over three-month consolidation period the flagship crypto has experienced since the halving event. Rekt Capital claimed that the rate of acceleration has \u201cdrastically dropped and is now approximately 150 days.\u201d He added that Bitcoin will likely resynchronize with the traditional halving cycle the longer it consolidates.\u00a0 The crypto analyst has also refused to be deterred by Bitcoin\u2019s current price action, which some claim suggests that the bull run is over. However, Rekt Capital has repeatedly stated that Bitcoin will retrace deep enough to convince anyone that the bull run is over, and then it will continue its uptrend.\u00a0\u00a0 In another X post, Rekt Capital mentioned that Bitcoin\u2019s downtrend, which began last month, is one to watch for a major trend shift. The analyst remarked that a break of the \u201cmulti-week downtrend would result in the beginning of at least a multi-week uptrend\u201d for the flagship crypto.\u00a0 Bitcoin is now trading at $56,693. Chart: TradingView ‘This Is Not The Cycle Top Vibes’ Crypto analyst Mikybull Crypto also believes that the cycle top isn\u2019t in yet despite Bitcoin\u2019s recent decline, stating that this price action \u201cis not the cycle top vibes.\u201d The analyst also said that Bitcoin\u2019s current sell-off bottom might be closer than everyone thinks and noted that this scenario played out in the third quarter of 2023 when most people thought it was over.\u00a0 Related Reading: Buy The Dip? XRP Whales Doing Exactly That \u2013 Is A Price Rally Next? The analyst previously mentioned that the cycle top isn\u2019t in yet and simply classified this market downtrend as the \u201cfinal shakeout\u201d before Bitcoin reaches its peak in this bull run. Mikybull Crypto also claimed that Bitcoin has a cycle top price target of $171,000, meaning that the flagship crypto will still hit new all-time highs (ATHs) before the bull run was considered as being over.\u00a0 Featured image from Getty Images, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":628210,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,4735,3505],"class_list":["post-628204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-price-action","tag-price-analysis"],"acf":[],"yoast_head":"\nExpert Predicts When Bitcoin Price Will Reach Its Cycle Highs<\/title>\n<meta name=\"description\" content=\"Crypto analyst Rekt Capital has provided insights into when the price of Bitcoin will reach its cycle highs. 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His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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