Bull Market

Bitcoin

April

Rekt (rektarb.xyz)

Rekt

In a recent tweet, well-known crypto analyst Rekt Capital <a href="https://x.com/rektcapital/status/1781281813815550399" target="_blank" rel="noopener nofollow">delved</a> into the potential timeline for the next Bitcoin market peak, emphasizing the Halving cycle’s significant impact on building BTC’s market path. 
As the Bitcoin <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-halving-hysteria-will-history-repeat-itself/" target="_blank" rel="noopener ">Halving</a> is set to occur between today and tomorrow, April 20, Bitcoin has shown less significant market movement. At the time of writing, the asset has a market price of $64,578. 
<h2 id="analyst-when-could-bitcoin-peak-in-this-bull-market">Analyst: ‘When Could Bitcoin Peak In This Bull Market?’</h2> 
According to Rekt Capital’s analysis, Bitcoin typically reaches its bull market peak between 518 and 546 days following a Halving event. Applying this historical timeline, the next anticipated bull market peak could fall between mid-September and mid-October 2025. 
<img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GLhfZn3XAAAYJHN?format=jpg&amp;name=medium" alt="Bitcoin chart shared by RektCapital on X" width="1200" height="804"> 
However, as disclosed by Rekt Capital, recent market trends suggest a possible acceleration in Bitcoin’s ongoing cycle compared to historical patterns, demonstrated by the cryptocurrency achieving <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-halving-could-catalyzed-100000-price-surge-bitwise-ceo/" target="_blank" rel="noopener ">new record levels</a> approximately 260 days ahead of the typical schedule. 
Despite this apparent acceleration, Rekt Capital noted: 
<blockquote>
 Bitcoin has been experiencing a Pre-Halving Retrace for the past month or so As a result, Bitcoin has been slowing down and decelerating the cycle by 30 days thus far and counting So while Bitcoin may have been accelerating by ~260 days last month… Today this acceleration is now more close to ~230 days due to the current Pre-Halving Retrace.
</blockquote> 
Additionally, Rekt Capital introduced an alternative viewpoint termed the “Accelerated Perspective,” which factors in the duration from when Bitcoin exceeds its <a href="https://www.newsbtc.com/bitcoin-news/is-bitcoin-about-to-skyrocket-bitfinex-analysts-spot/" target="_blank" rel="noopener ">previous peak</a> to the projected culmination of the bull market. 
Given Bitcoin’s recent attainment of new all-time highs in March, this perspective implies that the subsequent bull market peak could happen between December 2024 and February 2025. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#BTC</a> 
 When Could Bitcoin Peak In This Bull Market? 
 Historically, Bitcoin has peaked in its Bull Market 518-546 days after the Halving (Chart 1) 
 This is how typical Bitcoin Halving Cycles have progressed 
 So if history repeats… 
 Next Bull Market peak may occur 518-546 days… <a href="https://t.co/QXZUS7ZyjU" target="_blank" rel="noopener nofollow">pic.twitter.com/QXZUS7ZyjU</a> 
 — Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1781281813815550399?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">April 19, 2024</a>
</blockquote> 
<h2 id="btc-price-dynamics-amidst-market-fluctuations">BTC Price Dynamics Amidst Market Fluctuations</h2> 
Meanwhile, amidst recent market fluctuations, BTC is undergoing a slight recovery. At the time of writing, it had increased marginally by 1.4%, bringing its market price to above $64,000. This recovery follows a week-long <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-could-drop-to-52000-if-price-breaks-below-this-mark-cryptoquant/" target="_blank" rel="noopener ">decline</a> during which Bitcoin experienced nearly a 10% downturn. 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/YQcHv1iE/" alt="Bitcoin (BTC) price chart on TradingView" width="2770" height="1496"> 
In light of these developments, crypto expert Michaël van de Poppe has shared insights into the potential implications of the impending BTC Halving event. Van de Poppe<a href="https://www.newsbtc.com/news/bitcoin/narrative-post-bitcoin-halving/" target="_blank" rel="noopener "> suggests a shift in focus away</a> from Bitcoin once the halving occurs, speculating on potential changes in market narratives. 
While he did not specify the exact narrative shift, Van de Poppe previously <a href="https://x.com/CryptoMichNL/status/1780672576962035732" target="_blank" rel="noopener nofollow">outlined</a> expectations for the crypto market, including an anticipated emphasis on Ethereum (ETH) and projects focused on Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) post-Halving. 
<blockquote class="twitter-tweet"> 
 Expectance: 
 – <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#Bitcoin</a> to consolidate. – <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">#Altcoins</a> bouncing in their Bitcoin pairs. – Narrative to shift to ETH and DePIN/RWA. – Altcoin strength from in Q2/Summer. – Corrections in Q3. 
 It’s going to be great, just buy the dip. 
 — Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1780672576962035732?ref_src=twsrc%5Etfw" target="_blank" rel="noopener nofollow">April 17, 2024</a>
</blockquote> 
Featured image from Unsplash, Chart from TradingView

Analyst Reveals Bitcoin’s Bull Market Breakthrough: Here’s What You Need To Know

Table of Contents

NewsBTC

Other articles published on Apr 20, 2024

Bitcoin Sold $8K Last Halving, Soared 721% After: Will History Repeat?

Bitcoin Halving in 2024 Poised to Skyrocket BTC Value: An Optimistic Forecast

What does crypto’s growth mean for the future of DAOs? | Opinion

Next Cryptocurrency To Explode Saturday, April 20 — Gorilla, Cardano, XRP, Arweave

Uniswap Releases New Feature, Sui Partners With BytePlus, New Gaming Platform Attracts Investors

Best Crypto Picks for a 30X Gains Explosion in 2024

Join our free newsletter for daily crypto updates!