Cryptocurrency analyst Rekt Capital has presented a compelling analysis indicating that Bitcoin’s current bull market might last until October 2025.
This forecast is based on historical patterns related to Bitcoin halving events.
Rekt Capital observed that Bitcoin hit its lowest point 547 days before the 2016 halving and reached its peak 518 days afterward.
A similar trend was noted for the 2020 halving, with Bitcoin bottoming out 517 days before and peaking 549 days after the event.
Following this pattern, Bitcoin appears to have reached its low 517 days before the 2024 halving, suggesting that the next peak might align with October 2025, approximately 549 days later.
This analysis highlights a recurring pattern where Bitcoin’s market cycles are closely linked to halving events, with bear market lows and bull market highs occurring symmetrically around these events.
According to Rekt Capital, this trend indicates that the current bull market is likely still in progress and could continue for an extended period.
Louisiana has become the latest U.S. state to accept cryptocurrency payments for state services.
CryptoQuant, a prominent market research firm, has observed a notable decline in the supply of short-term holders (STH) of Bitcoin (BTC), which may hinder the cryptocurrency’s potential price surge.
U.S. Congressman Warren Davidson has vocally criticized SEC Chair Gary Gensler, accusing the SEC of deliberately hindering Bitcoin ownership.
Michael Saylor’s MicroStrategy continues to expand its Bitcoin reserves, showing their undeniable optimism for the crypto market bull run.