After the recent Bitcoin Halving event, Rekt Capital has made some bold predictions about the future trajectory of Bitcoin. According to his analysis, the crypto asset could reach its peak in the current bull cycle within the next year. This prediction is based on historical trends that have been observed following previous Halving events.
Rekt Capital pointed out that in the 2015-2017 cycle, Bitcoin reached its all-time high 518 days after the Halving event. Similarly, in the 2019-2021 cycle, the digital asset topped out within 546 days. This indicates that the Halving event has consistently sparked significant growth for Bitcoin. Based on these past trends, Rekt Capital suggests that the next bull market top could occur between 518 and 546 days following the most recent Halving, potentially around the middle of September or middle of October in 2025.
In addition, Rekt Capital also highlighted the concept of the Post-Halving “Danger Zone.” This is a period of heightened volatility that typically occurs in the weeks following the Halving event. Historical data from 2016 shows that Bitcoin experienced a significant -11% decline approximately 21 days after the Halving, before eventually rebounding. Rekt Capital warns that there is a possibility of downside volatility around the Re-Accumulation Range Low in this current cycle, potentially within the following 15 days.
Rekt Capital also mentioned the importance of the re-accumulation phase in Bitcoin’s price trajectory. Historically, Bitcoin has consolidated in the Re-Accumulation Range for up to 150 days before entering a parabolic phase. This phase typically leads to massive growth and eventually a new all-time high for Bitcoin. Rekt Capital believes that if Bitcoin consolidates within the expected timeframe, it could enter a parabolic upside by September of this year.
As of the time of writing, Bitcoin has seen a 5% decrease in the past 7 days and is trading at $62,504. Its market cap has dropped by 1.53%, while trading volume has increased by over 22% in the last 24 hours. These market conditions indicate a period of volatility and uncertainty for Bitcoin investors.
Rekt Capital’s analysis provides valuable insights into the potential future trajectory of Bitcoin. By analyzing past trends and historical data, he has offered a compelling narrative on the potential growth of the leading cryptocurrency asset. However, it is important for investors to conduct their own research and consider the risks involved before making any investment decisions.
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