The post When Will Bitcoin Price Reach Its Peak in This Bull Market? appeared first on Coinpedia Fintech News
Amidst Bitcoin’s market volatility, many, including analyst Rekt Capital, believe it’s prime time to buy. In his recent post, he highlights patterns of market peaks in the Bitcoin cycle.
Rekt Capital also delved into the question: When will the Bitcoin bull market end, and how long will it last? If history were to repeat itself, projecting a bull market peak around 518 or 546 days after the halving event, we could anticipate it to land around mid-September or mid-October.
This timeline aligns with the traditional understanding of Bitcoin’s market cycles based on halving events. Hence, he says it’s a good time to buy Bitcoin after a 20% drop and before a rebound. He sees a stronger purchasing opportunity now that the decline has exceeded 20%. He forecasts Bitcoin’s value loss won’t exceed 24% and will stabilize.
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