Growth Prediction: Expected Bitcoin Price Peak in Fall 2025
Date: 2024-05-06 Author: Henry Casey Categories: BUSINESS
Popular cryptocurrency market analyst Rekt Capital once again pleased its subscribers with insider information about the prospects for the Bitcoin exchange rate. The specialist published a tweet in which he presented a chart on a monthly timeframe and shared his conclusions about the future rate of the cryptocurrency.
Previous Cycles
Rekt Capital drew attention to the cyclical nature of Bitcoin price movements after the halving procedure. In the past, during the period 2015-2017, the rate reached its maximum 518 days after this event. Similar dynamics occurred in the next cycle of 2019-2021, where the maximum was reached 546 days after the halving.
Predictions for the Future
Based on an analysis of previous cycles, Rekt Capital suggested that the next peak in Bitcoin price could be reached in the fall of 2025. This means that record BTC prices are expected between mid-September and October next year.
New Factors
However, the expert also noted that the current cycle differs from previous ones, primarily due to the acceleration of productivity, which may shift the time frame for the expected price peak. However, the additional time spent consolidating after the halving may be a positive factor in synchronizing the current cycle with traditional indicators.
Bitcoin cycles are an integral part of its history, characterized by periodic phases of rising and falling prices. These cycles are driven by the limited supply of Bitcoin and the increased demand that usually occurs after the halving. Each halving occurs every 210 thousand blocks, which is approximately 4 years, and the last Bitcoin is expected to be mined in 2140.
