Analysts who nailed Bitcoin’s pre-halving correction this year believe that BTC is gearing up for a major breakout.
Pseudonymous analyst Recto Capital told his 507,400 followers on social media platform Ta.
“Bitcoin is still in the ‘reaccumulation near all-time highs’ phase (green circle), but it won’t last for too long.”
Analysts then believe that Bitcoin will reach its cycle peak in about a year, based on how long it previously took for BTC to reach its cycle peak after a halving event that cuts miners' rewards in half. suggests that it is possible to reach. Bitcoin's most recent halving event was in mid-April.
“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 it repeats and the next bull market peak occurs 518-546 days after the halving, it would mean Bitcoin could peak in mid-September or mid-October 2025 in this cycle. .
Currently, Bitcoin is still accelerating this cycle by about 35 days. Therefore, the longer Bitcoin consolidates after the halving, the better it will be to resynchronize this current cycle with the traditional halving cycle. ”
At the time of writing, Bitcoin is trading at $67,666.
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