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Bitcoin price could peak in December 2024, highlights trader

Trader analyzes Bitcoin's cycle, suggests earlier peak amid acceleration.

Bitcoin price could peak in December 2024, highlights trader

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As Bitcoin (BTC) nears its halving event, trader Rekt Capital shared in an X post that BTC price could peak between December and February 2025, making this bull run’s post-halving phase shorter than in the previous cycles.

Based on past cycles, the parabolic uptrend usually lasts 518 to 546 days after the halving. If history repeats itself, then the current bull cycle should last up to October 2025, Rekt Capital highlights.

“However, Bitcoin is showing clear signs of acceleration in its current cycle given how it reached new all-time highs by approximately ~260 days ahead of schedule compared to historical norms. That being said, 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,” explained the trader.

Therefore, for every price correction experienced by BTC, the duration of the post-halving uptrend phase is extended. This reduces the 260-day acceleration mentioned by Rekt Capital to 230 days, which will make this bull cycle last from 266 to 315 days.

However, there’s another measurement point utilized by Rekt Capital, which is the moment BTC breaks an old all-time high.

Bitcoin’s last all-time high was registered on March 14, when it peaked at $73,737.94, according to data aggregator CoinGecko.

If the Accelerated Perspective turns out to be true, then the next Bull Market peak may thus occur in 266-315 days

“In sum, both perspectives are worth considering throughout the cycle, especially if the acceleration in this cycle persists. However, the longer Bitcoin retraces or consolidates during certain periods, the more the cycle slows down, pushing the inevitable Bitcoin Bull Market Peak further into the future,” concludes Rekt Capital.

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