A closely followed crypto analyst is forecasting when the ongoing bull market for digital assets could come to an end.
Pseudonymous crypto strategist Rekt Capital tells his 411,700 followers on the social media platform X that historic Bitcoin (BTC) patterns point to a bull run ending in late 2025.
[adinserter block="1"]“If history repeats, next bull market peak may occur 518-546 days after the halving. That’s mid-September or mid-October 2025.”
The trader also warns that while Bitcoin is currently in a pre-halving rally based on historic patterns, the crypto king usually abruptly dips just before the halving event, when miners’ rewards are cut in half. The next halving is expected around April 20th.
“Bitcoin is firmly in its pre-halving rally phase. But the pre-halving retrace phase is getting closer with each passing day.”
During the current bull market, the trader predicts that dog-themed digital asset Shiba Inu (SHIB) will reach an all-time high again, but after a period of accumulation.
“It’s only a matter of time before SHIB revisits its old all-time highs to complete its U-shaped reversal. The only thing that’s a question mark is where price will form its re-accumulation range. In the blue-black ($0.000033285-$0.000047348) range or the orange-orange range ($0.0000221371-$0.000026041)?”
SHIB is currently trading more than 57% lower than the all-time high of $0.00008616, which was reached in October 2021.
He also believes that other memecoins will see big rallies during the crypto bull market cycle.
“FLOKI, DOGE, SHIB, BONK are always going to rally hard in bull markets. Market psychology will never change. Memecoins are always going to play an integral role in any money flow cycle.”
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
