Bitcoin’s rally breaking into a new all-time high above $70,000 has been unconventional for several reasons. Interestingly, the leading crypto asset is still in its early stages and has a long way to go, according to most experts.
In fact, analysts are now weighing in on Bitcoin’s trajectory and expect it to climax in early 2025
Bitcoin’s Bull Market Peak
Drawing from historical patterns and recent market behavior, Rekt Capital found that traditionally, Bitcoin has reached its peak within a range of 518-546 days after its halving event.
However, the current cycle exhibited signs of acceleration, suggesting a possible deviation of the typical cycle length by approximately 260 days. By measuring bull market peaks from the moment Bitcoin breaches its old all-time high, the analysis predicted a potential peak within a timeframe of 266-315 days thereafter.
Notably, Bitcoin recently broke through to new all-time highs, signaling a crucial point in this cycle. If the accelerated perspec
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