Bitcoin 
$89,143The price of has reached its last peak, reaching 93 thousand 500 dollars. Cryptocurrency analyst Rekt Capital drew attention to Bitcoin’s current market movements. According to the analyst, the cryptocurrency has entered the final phase of the rise, called the “parabolic phase”. Rekt Capital told its 95,400 subscribers on YouTube that Bitcoin will continue to gain value for several weeks at this stage. “Therefore, it is possible that we will see upward movements before the first correction is seen,” he said. At the time of writing, Bitcoin is trading at $89,230.
Bitcoin’s Parabolic Period and Peak Predictions
The pseudonymous analyst predicts that Bitcoin’s current cycle will continue until the last quarter of 2025. “We are in the parabolic phase of the cycle and we are just getting started. “The bull market peak may occur between mid-September and mid-October,” Rekt Capital said, making predictions based on historical data.
Analyzing Bitcoin’s past performance, the expert pointed out that it generally takes 518 to 550 days to reach the bull market peak after the halving. In light of these times, Bitcoin’s current cycle could also peak in the fall of 2025.
Historical Data Provides Guidance for Investors
Bitcoin’s past cycles offer valuable clues for investors. Recalling previous bull market peaks, the analyst noted that the current cycle has a similar duration. In this context, Bitcoin investors are recommended to create long-term strategies.
Historical data in the cryptocurrency market can help investors understand future movements. However, the market may exhibit unpredictable volatility from time to time. It is important for investors to carefully evaluate analysts’ forecasts and adopt a cautious approach.
The recent rises in Bitcoin’s price continue to create excitement with new peak targets. Following market dynamics in this process can provide a strategic advantage.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
