According to analyst, Rekt Capital the current bull run is far from over.
Based on historical cycles, a peak could occur between September and October 2025.
Hayes expects Bitcoin to stay above $60,000 and then "grind" upwards slowly until August.
Analyst Dan Held believes that significant growth will likely come in next year.
Overall, multiple analysts predict a potential surge towards $250,000.
Bitcoin is currently consolidating between $65,000 and $60,000, due to the frustration of its investors.
Considering the cryptocurrency’s rapidly bullish price action between late 2023 and early 2024, this means that the crypto market’s bull run—however massive—is currently on hold.
To the inexperienced, this is the perfect time to panic. However, to the crypto veterans, this marks one of the best times to accumulate as much crypto as possible, before the final takeoff.
To the investors part of the latter cohort, here are three of the most bullish narratives to keep in mind before the trend resumes.
According to new insights from analyst, Rekt Capital, who tracks the depth and progress of the crypto market, the current bull market is only 37.1% in.
This means that we aren’t even halfway into all of the action.
We aren’t even halfway in
But what does this mean?
In a later tweet, the analyst provided a detailed timeline of Bitcoin’s possible trajectory, considering previous bull runs.
In his insights, the analyst noted that in the 2015-2017 cycle, Bitcoin peaked around 518 days after the Halving.
Similarly, in the 2019-2021 cycle, Bitcoin peaked 546 days after the Halving.
It gets a bit trickier when we realize that Bitcoin hit a new all-time high a lot earlier in this cycle, compared to other having.
Because of this, the analyst also predicts that Bitcoin’s current consolidation phase might be an attempt to normalize things and “resynchronize” with the other halvings.
To this end, the analyst believes that if history is any indication, and the next Bull Market peak occurs between 518-546 days after the Halving.
This would mean that investors should be ready to sell it all on or before mid-September or mid-October 2025!
Former BitMEX CEO, Arthur Hayes has been very vocal about Bitcoin, particularly this year.
Only last week, the former CEO published a tweet and blog post titled “Mayday”.
In this blog post, Hayes mentioned that “The price action [of Bitcoin] played out as [he] expected”
Slow grind upwards
Recall that last week, Bitcoin crashed to around $56,000, before rallying straight up to $64,000 and then declining once more.
Hayes posits that Bitcoin will behave this way for a while longer, but won’t go below $60,000”.
After this, we might remain “rangebound between $60,000 and $70,000 until August”.
Hayes also added the recent Bitcoin flash crashes have been a “well-needed market cleansing.”, likely due to the Bitcoin halving “sell the news event,”.
So far, Bitcoin has declined by around 23% since the pre-halving all-time high of $73,800 and is expected to "slowly grind upwards" until August, before the final breakout and price explosion towards new highs.
Rekt Capital might be on to something, in his outlook of Bitcoin being 37% into the halving.
According to a recent tweet from Taproot Wizards advisor, Dan Held, the action hasn’t even started yet.
Bitcoin cycle tops to bottoms
Dan Held told his 708k followers that according to Bitcoin's cycle top-to-cycle bottom charts (in which Bitcoin's price action in all cycles are overlaid), the main action is set to happen over the coming year.
Moreover, analyst Mags also shared a recent tweet that featured a Bitcoin chart with a bull cycle high around the $250,000 zone between now and early 2025.
The rally to $250,000
Keep in mind that this outlook is corroborated by analysts like Rekt Capital, Dan Held, Arthur Hayes and even CryptoQuant CEO, Ki Young Ju who stated in a recent tweet, that Bitcoin’s hashrate to market cap ratio supports a bull rally to $256,000.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.