The price of Bitcoin has been surging and various analysts have been coming up with predictions as regards how high the price could spike and when the rally could stop. This same topic was addressed by Rekt Capital in a recent video.
The analyst discussed the BTC halving event and pointed out that these events, which occur approximately every four years, influence Bitcoin’s supply rate by halving the rewards received by miners.
This reduction in supply creates critical reference points for price movements, acting as what the analyst describes as market mirrors.
Specifically, the analyst noted that the 517 days leading up to a halving typically indicate a market bottom during bear cycles, while the period of about 550 days following the halving is often when Bitcoin reaches new peak prices.
Drawing from historical data, he stated that during the 2020 cycle, Bitcoin hit its bottom 517 days before the halving event and peaked roughly 550 days afterward.
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A Peak Around September or October 2025
Matching this pattern to the 2024 cycle, the analyst predicted that Bitcoin could reach its peak around September to October 2025.
However, he acknowledged the potential for minor variations due to diminishing returns observed in previous cycles, particularly those in 2017 and 2020.
The analyst characterized the current market situation as the early stages of Bitcoin’s parabolic phase. This phase started when Bitcoin surpassed its previous all-time highs.
He emphasizes that the historical trends suggest that after breaking these highs, Bitcoin’s price tends to embark on a steep upward trajectory, a movement that has just begun in the current cycle.
While Bitcoin’s previous bull runs have historically lasted for hundreds of days, the analyst cautions that the returns might diminish with each successive cycle.
He suggested that this particular parabolic phase could potentially see Bitcoin’s price peak between $120,000 and $130,000, contingent on the duration of the rally and the strength of market demand.
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If the trend of diminishing returns continues, this peak could manifest over several months. The analyst provided crucial insights based on historical patterns, emphasizing that the 517 to 550-day timeframe post-halving serves as an essential indicator for predicting market bottoms and peaks.
He anticipated approximately 300 days of parabolic growth following a prolonged 200-day accumulation period, aligning with Bitcoin’s past market behaviors
