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CryptoXTimes > Article > News > Rekt Capital Predicts Bitcoin Peak Amid Market Uncertainty
NewsBitcoin News

Rekt Capital Predicts Bitcoin Peak Amid Market Uncertainty

Rekt Capital forecasts Bitcoin peak amid market uncertainty, expects continued uptrend.

Aima Raza
Last updated: July 6, 2024 4:30 pm
Aima Raza 11 months ago
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Rekt Capital Predicts Bitcoin Peak Amid Market Uncertainty

In light of recent market instability, crypto analyst Rekt Capital has given advice on when Bitcoin’s price will reach its highest point. Even though BTC hit a new low this week, Rekt Capital predicted in a post on X (formerly Twitter) that BTC could reach its cycle peak between mid-September and mid-October 2025, based on past trends.

#BTC

In the 2015-2017 cycle, Bitcoin peaked 518 days after the Halving

In the 2019-2021 cycle, Bitcoin peaked 546 days after the Halving

If history repeats and the next Bull Market peak occurs 518-546 days after the Halving…

That would mean Bitcoin could peak in this cycle… pic.twitter.com/bg6GjkvLlW

— Rekt Capital (@rektcapital) July 4, 2024

Not long ago, Rekt Capital said that BTC price peaked 518 days after the halving event in 2017 and 546 days after the halving event in 2021. With the most recent split happening in April, Rekt Capital thinks that Bitcoin’s market top for this bull cycle will be between 518 and 546 days from now, which is in line with predictions for September or October of next year. 

Even though Bitcoin sped up earlier this year by 260 days, Rekt Capital saw a slowdown to about 150 days, which they said was due to a three-month period of stabilization after the halving. The expert thinks that BTC will return to its normal halving cycle as consolidation continues.

Bitcoin’s Future Price Outlook

Rekt Capital is still positive, even though recent price changes make it look like the bull run is over. The analyst does not believe that the current signs point to a cycle top; instead, they think that BTC will go through a significant retracement before continuing its upward trend. 

In another X post, Rekt Capital called attention to Bitcoin’s recent decline as important, saying that a break from this trend could start a new uptrend.

In the same way, crypto expert Mikybull Crypto was also positive about Bitcoin’s cycle top, saying that recent drops were not proof of a market peak. Mikybull Crypto thinks that Bitcoin’s price will drop earlier than expected, which is similar to how the market felt in the third quarter of 2023.

Both analysts think Bitcoin will hit new all-time highs before the current bull run ends. Mikybull Crypto has set a price target of $171,000 for the cycle top.

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TAGGED: Bitcoin, BTC, Cryptocurrencies, Rekt Capital
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
Previous Article Peter Schiff Predicts Bitcoin Stability Despite Recent Price Drops Peter Schiff Predicts Bitcoin Stability Despite Recent Price Drops
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