Bitcoin (BTC) is on the verge of entering the parabolic phase of the market cycle, according to a well-known crypto analyst. In a recent strategy session, Rekt Capital, a pseudonymous trader with a large following on social media, stated that it appears Bitcoin is just one weekly close away from going parabolic. However, the analyst believes that it may still take several weeks for the top cryptocurrency to experience a significant upward movement.

Rekt Capital also provided insights into when Bitcoin could reach its cycle peak in the next year. Drawing comparisons to previous market cycles, the analyst noted that in both the 2015-2017 and 2019-2021 cycles, Bitcoin reached its peak between 518 and 546 days after the halving event. If history repeats itself, this would suggest that Bitcoin could peak in the current cycle sometime between mid-September and mid-October 2025. The analyst added that Bitcoin’s current cycle is accelerating approximately 180 days faster than previous cycles, and a longer consolidation period after the halving would help resynchronize it with the traditional halving cycle.

Rekt Capital concluded the analysis by pointing out that Bitcoin’s consolidation within the $60,000 to $70,000 price range over the past two months has reduced this cycle’s acceleration by around 80 days. Despite this, Bitcoin is currently trading at $68,571, showing a 2.1% increase in the last 24 hours.

As always, it is essential for investors to conduct their own research and exercise caution when investing in high-risk assets such as Bitcoin and other cryptocurrencies. The opinions expressed in this article are not investment advice, and The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets.