Analyst Reveals Bitcoin’s Bull Market Breakthrough: Here’s What You Need To Know

Samuel Edyme

1 year ago

3 mins read

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In a recent tweet, well-known crypto analyst Rekt Capital delved into the potential timeline for the next Bitcoin market peak, emphasizing the Halving cycle’s significant impact on building BTC’s market path.

As the Bitcoin Halving is set to occur between today and tomorrow, April 20, Bitcoin has shown less significant market movement. At the time of writing, the asset has a market price of $64,578.

Analyst: ‘When Could Bitcoin Peak In This Bull Market?’

According to Rekt Capital’s analysis, Bitcoin typically reaches its bull market peak between 518 and 546 days following a Halving event. Applying this historical timeline, the next anticipated bull market peak could fall between mid-September and mid-October 2025.

Bitcoin chart shared by RektCapital on X — Bitcoin chart shared by Rekt Capital on X

However, as disclosed by Rekt Capital, recent market trends suggest a possible acceleration in Bitcoin’s ongoing cycle compared to historical patterns, demonstrated by the cryptocurrency achieving new record levels approximately 260 days ahead of the typical schedule.

Despite this apparent acceleration, Rekt Capital noted:

Bitcoin has been experiencing a Pre-Halving Retrace for the past month or so As a result, Bitcoin has been slowing down and decelerating the cycle by 30 days thus far and counting So while Bitcoin may have been accelerating by ~260 days last month… Today this acceleration is now more close to ~230 days due to the current Pre-Halving Retrace.

Additionally, Rekt Capital introduced an alternative viewpoint termed the “Accelerated Perspective,” which factors in the duration from when Bitcoin exceeds its previous peak to the projected culmination of the bull market.

Given Bitcoin’s recent attainment of new all-time highs in March, this perspective implies that the subsequent bull market peak could happen between December 2024 and February 2025.

#BTC

When Could Bitcoin Peak In This Bull Market?

Historically, Bitcoin has peaked in its Bull Market 518-546 days after the Halving (Chart 1)

This is how typical Bitcoin Halving Cycles have progressed

So if history repeats…

Next Bull Market peak may occur 518-546 days… pic.twitter.com/QXZUS7ZyjU

— Rekt Capital (@rektcapital) April 19, 2024

BTC Price Dynamics Amidst Market Fluctuations

Meanwhile, amidst recent market fluctuations, BTC is undergoing a slight recovery. At the time of writing, it had increased marginally by 1.4%, bringing its market price to above $64,000. This recovery follows a week-long decline during which Bitcoin experienced nearly a 10% downturn.

Bitcoin (BTC) price chart on TradingView — BTC price is moving sideways on the 4-hour chart. Source: BTC/USDT on TradingView.com

In light of these developments, crypto expert Michaël van de Poppe has shared insights into the potential implications of the impending BTC Halving event. Van de Poppe suggests a shift in focus away from Bitcoin once the halving occurs, speculating on potential changes in market narratives.

While he did not specify the exact narrative shift, Van de Poppe previously outlined expectations for the crypto market, including an anticipated emphasis on Ethereum (ETH) and projects focused on Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) post-Halving.

Expectance:

– #Bitcoin to consolidate.
– #Altcoins bouncing in their Bitcoin pairs.
– Narrative to shift to ETH and DePIN/RWA.
– Altcoin strength from in Q2/Summer.
– Corrections in Q3.

It’s going to be great, just buy the dip.

— Michaël van de Poppe (@CryptoMichNL) April 17, 2024

Featured image from Unsplash, Chart from TradingView

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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