This is where the Bitcoin bull market could peak if history repeats itself, according to a crypto analyst

A closely watched analyst is predicting when Bitcoin (BTC) will peak in the ongoing bull market cycle.

In a new video update on YouTube, pseudonymous analyst Rekt Capital tells his 64,600 subscribers that based on historical precedent, Bitcoin could reach a current cycle peak in late 2024 or early 2025.

“If we look at history repeating itself, the range is 266 to 315 days, which means we could peak in late November 2024 or late January 2025.”

Source: Rekt Capital/YouTube

However, the trader also says that the duration of the cycle could increase as each cycle has become longer in the past.

“We must take into account that the number of days spent above old all-time highs may be extended somewhat before the bull market peaks for the last time before entering a macro bear market. And it's really important to understand the extension here because it's a two week extension from here [2014] until here [2018]. [2022 compared to 2018] is an extension of just over a month.

So in this current cycle, are we extending by two weeks or are we extending by just over a month? Or do we extend the period by just over a month plus two weeks? So that actually pushes this potential bull market peak into maybe February, maybe even March, April at the latest.”

The trader also notes that the current cycle appears to be faster than previous ones as prices have reached an all-time high (ATH) ahead of the halving event, where miners' rewards are cut in half. In previous cycles, the ATH was reached after the halving. He believes that the pace could have an impact on when the peak is reached and that the cycle lasts longer than previous ones.

“So at least the first quarter of 2025 is the moment when Bitcoin could reach the peak of its bull market, according to this chart.”

At the time of writing, Bitcoin is trading at $73,233, up nearly 3% in the last 24 hours.

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