A prominent cryptocurrency expert has pinpointed a potential timeline for Bitcoin’s (BTC) next peak, drawing on historical patterns. During a recent analysis session, the well-known crypto strategist Rekt Capital shared with his substantial following of 481,200 on social platform X that historically, Bitcoin’s value surges to its peak between 518 to 546 days following its halving event, which takes place every four years in April.

Reflecting on past cycles, Bitcoin reached its zenith 518 days post-halving in the 2015-2017 cycle, and 546 days in the 2019-2021 cycle. Should these patterns hold true, we could anticipate Bitcoin’s apex in the current cycle to occur around mid-September to mid-October 2025.

Rekt Capital, however, observes that Bitcoin’s momentum has significantly slowed due to the recent downturn in the cryptocurrency market. Earlier in the year, Bitcoin was advancing at a pace of 260 days ahead of its cycle. But following a consolidation period of over three months, this acceleration has markedly decreased to roughly 150 days. A prolonged consolidation period post-halving could align this cycle more closely with previous halving cycles.

Source: Rekt Capital/X

Further analysis by Rekt Capital suggests that Bitcoin may have reached its lowest point, as evidenced by comparing all BTC retracements since February 2023:
– A 23% drop in February 2023.
– A 21% decline in April/May 2023.
– A 22% reduction in July/September 2023.
– A 21% fall in January 2024.
– A 23.6% descent in April/May 2024.
– A 21% decrease to date in June 2024. The average pullback in this cycle is around -22%, indicating that the current correction is in line with the cycle’s average.

Source: Rekt Capital/X

At the moment of writing, Bitcoin’s trading value stands at $56,521, witnessing a 2.6% dip over the past 24 hours.

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