Anticipation is building in the cryptocurrency community as Bitcoin (BTC) is poised for a potential bullish trend, as predicted by crypto analyst and trader Rekt Capital. The analyst points to Bitcoin’s recent consolidation phase as an indicator of an impending significant rise. This forecast comes after several months of relative stability in Bitcoin’s price movements.
What Is the Parabolic Phase?
According to Rekt Capital, Bitcoin’s historical parabolic phases have shown consistent durations across different cycles. The analyst notes that, typically, the parabolic growth phase lasts between 390 to 400 days following a 160-day consolidation period post-halving. This pattern suggests that Bitcoin’s bull market could peak between September and October 2025.
How Does Halving Affect Bitcoin’s Trajectory?
Halving events, which reduce Bitcoin’s block reward, are critical milestones in its market cycles. Historical data shows these events as turning points that often lead to significant price increases. Rekt Capital anticipates that the upward momentum will commence soon, with Bitcoin’s next peak journey already on its path following the last halving.
Rekt Capital points out that Bitcoin’s current valuation stands at approximately $59,958, still a 19% shortfall from its past high of around $73,800. Drawing from historical precedents, the analyst believes Bitcoin is on the verge of setting a new all-time high. This expectation is backed by observations of a potential breakout occurring 160 days after the recent halving.
The analyst highlights the following:
- Bitcoin has entered a critical phase post-halving, signaling potential growth.
- Historical trends suggest a year-long parabolic rise leading to market peaks.
- The timing indicates a potential bull market peak by late 2025.
Rekt Capital’s analysis provides a hopeful outlook for Bitcoin’s future, though investors should remain vigilant in the volatile cryptocurrency market. As market dynamics continue to evolve, closely monitoring these developments will be key for those looking to capitalize on potential gains.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/bitcoin-prepares-for-significant-bullish-surge