As the Bitcoin Halving event is set to take place between April 20, Bitcoin’s market movement has been less pronounced, with the asset currently priced at $64,578. Analyst Rekt Capital has pointed out that historically, Bitcoin tends to reach its peak in the bull market between 518 and 546 days after a Halving event. Based on this timeline, the next expected peak could fall between mid-September and mid-October 2025. However, recent market trends suggest a possible acceleration in Bitcoin’s cycle, with the cryptocurrency hitting new highs about 260 days earlier than usual. Despite this apparent acceleration, there has been a pre-Halving retrace in the market, causing Bitcoin to slow down and decelerate the cycle by approximately 30 days.
Accelerated Perspective
In addition to the traditional timeline, Rekt Capital introduced an alternative viewpoint called the “Accelerated Perspective.” This perspective takes into account the duration between Bitcoin surpassing its previous peak and the projected culmination of the bull market. With Bitcoin recently achieving new all-time highs in March, this perspective indicates that the next peak could occur between December 2024 and February 2025.
Market Recovery and Implications Post-Halving
Despite recent market fluctuations, Bitcoin has experienced a slight recovery, showing a 1.4% increase in value, bringing it above $64,000. This recovery follows a week-long decline that saw Bitcoin’s value drop by nearly 10%. Crypto expert Michaël van de Poppe has highlighted potential shifts in market narratives post-Halving. Van de Poppe suggests that attention may move away from Bitcoin after the event, with a potential focus on Ethereum (ETH) and projects related to Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA). While the exact narrative shift was not specified, Van de Poppe has previously indicated expectations for altcoins to bounce back, with a focus on ETH and DePIN/RWA projects.
The timeline for Bitcoin’s next market peak is subject to historical patterns but may experience acceleration and deceleration based on current market trends. The potential implications of the upcoming Halving event could lead to shifts in market focus towards alternative cryptocurrencies and projects beyond Bitcoin. It is essential for investors to conduct their own research and due diligence before making any investment decisions, as the crypto market continues to evolve and present both risks and opportunities.
Leave a Reply