Crypto Analyst Rekt Capital observed a trend where Bitcoin reached its maximum value 518-546 days post halving. Hence, the analyst states that if history repeats, BTC could peak in mid September or October in 2025.
Meanwhile, TAnalyst, CEO of XOR strategy, compared the new tops that BTC reached with respect to time. And the analyst derived the conclusion that BTC’s cycle of reaching higher tops shortened by 100 days.
When comparing the analysis of both, Rekt Capital compares the time period from BTC halving to the new top while TAnalyst compares the time period for the formation of a higher high. Although both the analyses are with respect to different parameters, both the analysts predict that the new top could be around $200K BTC.
When looking at the chart above, it could be noted that BTC is trading inside a rising wedge. Since BTC has touched the upper Bollinger band and the upper trendline, there is a chance for it to retrace. Hence, if BTC retraces at this point then it could fall somewhere close to $35.5K. The above thesis is based on the practice of placing the height of the wedge at the initial stages of formation at the breakout point.
However, if BTC fluctuates inside the wedge until it is fully formed then it could rise till $48K before it retraces. In the event that BTC retraces after hitting approximately $48K, then the retracement could happen between $38-41K.
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