Analyst Predicts Bull Market Peak Could Be as Early as December

Analyst RektCapital says that when Bitcoin reached new all-time highs in mid-March 2024, it was progressing faster than usual, being 260 days ahead of its typical halving cycle. However, since it has been consolidating for the past two months, Rekt says this advance has reduced to 210 days, indicating a slowdown in the cycle’s acceleration.

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If this deceleration continues, Rekt expects the cycle could eventually align more closely with the traditional halving cycle timeline, where Bitcoin peaks occur 518-546 days after a halving.

Bull Market Peak Speculations

Given this potential resynchronisation, it’s useful to speculate on when Bitcoin might reach its bull market peak if the current cycle maintains some level of acceleration. Traditionally, Bitcoin peaks in a bull market 266-315 days after surpassing previous all-time highs, according to Rekt.

With the latest highs set in March 2024, the next peak could fall between late November 2024 and late January 2025, he adds.

However, the length of time Bitcoin stays above these highs is changing:

It appears that the amount of days that Bitcoin spends beyond old All-Time Highs is actually lengthening.

RektCapital

Applying these trends to the current cycle, Rekt says if we add an extra 14 to 35 days to the initial peak range of 266-315 days, the window for the next bull market peak could extend from mid-December 2024 to as late as early March 2025.

Nonetheless, if the current deceleration continues, the cycle could realign more closely with the traditional halving cycle timings.

Analyst Offers Opposing Approach

In a second post Rekt suggests that Bitcoin’s bull market peaks follow a consistent pattern relative to its halving events, specifically peaking 518-546 days after a halving.

According to this model, the next peak would be expected between mid-September and mid-October 2025. This suggests that the more Bitcoin consolidates post-halving, the more aligned it will become with these traditional cycles – implying a benefit from a slower, more stable growth pattern following the halving.

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Essentially, while Rekt’s first theory explores the impact of current market dynamics and extends the cycle’s active phase based on past all-time highs, the second adheres strictly to a cycle model based strictly on halving events, viewing them as the sole determinants of major peak timings.

Each perspective offers a different approach to predicting Bitcoin’s market movements, emphasising different aspects of its trading history and market behaviour.