Bitcoin

when

Rekt

<a href="https://bitcoinist.com/bitcoin-price-left-danger-zone/" target="_blank" rel="noopener nofollow">Crypto analyst Rekt Capital</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 <a href="https://bitcoinist.com/bitcoin-price-crashed-58000/#:~:text=Bitcoin%20has%20dropped%20to%20as,a%20relief%20bounce%20going%20forward." target="_blank" rel="noopener nofollow">recent decline to new lows</a> this week.&nbsp; 
<h2 id="b-when-will-bitcoin-peak-in-this-bull-run-b">When Will Bitcoin Peak In This Bull Run</h2> 
Rekt Capital mentioned in an X (formerly Twitter) <a href="https://x.com/rektcapital/status/1808976353514893603" target="_blank" rel="noopener nofollow">post</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 <a href="https://bitcoinist.com/is-bitcoin-price-preparing-to-mirror-2017-bull-run/" target="_blank" rel="noopener nofollow">2017 bull run</a> and 546 days after the halving event during the <a href="https://bitcoinist.com/bitcoin-shatters-profit-taking-streak-2021-bull-run/" target="_blank" rel="noopener nofollow">2021 bull run</a>.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-628205" src="https://www.newsbtc.com/wp-content/uploads/2024/07/A_e90603.png?resize=596%2C401" alt="" width="596" height="401" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/A_e90603.png?resize=596%2C401?w=596 596w, https://www.newsbtc.com/wp-content/uploads/2024/07/A_e90603.png?resize=596%2C401?w=460 460w" sizes="(max-width: 596px) 100vw, 596px" data-recalc-dims="1"> 
Based on this, the analyst predicts that Bitcoin’s market top in this bull could occur between 518 and 546 days after the <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" target="_blank" rel="noopener nofollow">halving event</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.&nbsp; 
However, that is no longer the case thanks to the over <a href="https://bitcoinist.com/bitcoins-consolidation-phase-hits-record-duration/#:~:text=During%20the%202027%20bull%20cycle,before%20regaining%20its%20upward%20momentum." target="_blank" rel="noopener nofollow">three-month consolidation period</a> the flagship crypto has experienced since the halving event. Rekt Capital claimed that the rate of acceleration has “drastically dropped and is now approximately 150 days.” He added that Bitcoin will likely resynchronize with the traditional halving cycle the longer it consolidates.&nbsp; 
The crypto analyst has also refused to be deterred by Bitcoin’s current price action, which some claim suggests that the bull run is over. However, Rekt Capital has <a href="https://www.newsbtc.com/news/bitcoin/dave-the-wave-bitcoin-300000/" target="_blank" rel="noopener ">repeatedly stated</a> that Bitcoin will retrace deep enough to convince anyone that the <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" target="_blank" rel="noopener nofollow">bull run</a> is over, and then it will continue its uptrend.&nbsp;&nbsp; 
In another <a href="https://x.com/rektcapital/status/1808968287352451270" target="_blank" rel="noopener nofollow">X post</a>, Rekt Capital mentioned that Bitcoin’s downtrend, which <a href="https://bitcoinist.com/bitcoin-price-tragic-june/" target="_blank" rel="noopener nofollow">began last month</a>, is one to watch for a major trend shift. The analyst remarked that a break of the “multi-week downtrend would result in the beginning of at least a multi-week uptrend” for the flagship crypto.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-628214" src="https://www.newsbtc.com/wp-content/uploads/2024/07/AAA.png?resize=580%2C400" alt="" width="580" height="400" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/AAA.png?resize=580%2C400?w=580 580w, https://www.newsbtc.com/wp-content/uploads/2024/07/AAA.png?resize=580%2C400?w=460 460w" sizes="(max-width: 580px) 100vw, 580px" data-recalc-dims="1"> 
<img loading="lazy" decoding="async" class="size-full" style="font-weight: 600;text-align: center" src="https://www.tradingview.com/x/tTK5UBgy/" width="1835" height="883"> 
<h2 id="b-this-is-not-the-cycle-top-vibes-b">‘This Is Not The Cycle Top Vibes’</h2> 
<a href="https://bitcoinist.com/bitcoin-price-set-to-sprint-toward-40000/" target="_blank" rel="noopener nofollow">Crypto analyst Mikybull Crypto</a> also believes that the <a href="https://bitcoinist.com/bitcoin-cycle-top-13-on-chain-indicators/" target="_blank" rel="noopener nofollow">cycle top</a> isn’t in yet despite Bitcoin’s recent decline, <a href="https://x.com/MikybullCrypto/status/1809096354846699555" target="_blank" rel="noopener nofollow">stating</a> that this price action “is not the cycle top vibes.” The analyst also said that Bitcoin’s 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.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-628215" src="https://www.newsbtc.com/wp-content/uploads/2024/07/AAAA.png?resize=599%2C346" alt="" width="599" height="346" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/AAAA.png?resize=599%2C346?w=599 599w, https://www.newsbtc.com/wp-content/uploads/2024/07/AAAA.png?resize=599%2C346?w=460 460w" sizes="(max-width: 599px) 100vw, 599px" data-recalc-dims="1"> 
The analyst <a href="https://x.com/MikybullCrypto/status/1808458315757748227" target="_blank" rel="noopener nofollow">previously mentioned</a> that the cycle top isn’t in yet and simply classified this market downtrend as the “final shakeout” before Bitcoin reaches its peak in this bull run. Mikybull Crypto also claimed that Bitcoin has a cycle top <a href="https://bitcoinist.com/bitcoin-bull-market-huge-bubble/" target="_blank" rel="noopener nofollow">price target of $171,000</a>, meaning that the flagship crypto will still hit new <a href="https://bitcoinist.com/bitcoin-breaks-through-69000-setting-new-record/" target="_blank" rel="noopener nofollow">all-time highs (ATHs)</a> before the bull run was considered as being over.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-628216" src="https://www.newsbtc.com/wp-content/uploads/2024/07/AAAAA.png?resize=593%2C343" alt="" width="593" height="343" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/AAAAA.png?resize=593%2C343?w=593 593w, https://www.newsbtc.com/wp-content/uploads/2024/07/AAAAA.png?resize=593%2C343?w=460 460w" sizes="(max-width: 593px) 100vw, 593px" data-recalc-dims="1"> 
Featured image from Getty Images, chart from TradingView

Market Expert Predicts When Bitcoin Price Will Reach Its Cycle Highs

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2024년 7월 6일에 게재된 다른 기사

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