Bitcoin Bulls: Price Potential Based on Past Halving Cycles
CryptoNewsTerminal Staff10 Sep, 2024
Bitcoin Bulls: Price Potential Based on Past Halving Cycles
Crypto trader Rekt Capital has analyzed Bitcoin's price action in relation to previous halving cycles. His findings suggest that the current bull market may follow a similar pattern, with a potential peak in September/October of next year. Rekt Capital notes that in the 2015-2017 cycle, Bitcoin peaked 518 days after the halving, while in the 2019-2021 cycle, it peaked 546 days after the halving. The current bull market is now 84 days old as of mid-March 2023, which is slower in comparison. If the current bull market continues to follow the pattern of previous cycles, the price of Bitcoin could potentially reach its peak in September/October of next year. However, it's important to note that past performance is not necessarily indicative of future results.
