A widely followed cryptocurrency analyst and trader is saying that Bitcoin (BTC) is set for a bullish phase once September comes to a close.
The analyst pseudonymously known as Rekt Capital tells his 501,200 followers on the social media platform X that the fourth quarter could be bullish for Bitcoin.
[adinserter block="1"]“You just need to survive September.
Because if history repeats, Bitcoin may be heading for three straight months (October, November and December) of positive upside monthly returns.”
Bitcoin is trading at $56,810 at time of writing.
According to the pseudonymous analyst, Bitcoin has enjoyed an average return of 22.9% in October since it emerged and has largely closed higher than it opened every October except on two occasions. Bitcoin has meanwhile averaged a return of -5% in September over its lifetime.
“The only times Bitcoin ever experienced downside in the month of October was in 2014 (-12.95%) and 2018 (-3.83%). Those were bear markets.
Bitcoin is currently in a halving year.”
Rekt Capital further says that Bitcoin could hit its cycle peak starting in the second half of 2025 if BTC follows the traditional halving cycle.
“In the 2015-2017 cycle, Bitcoin peaked 518 days after the halving.
In the 2019-2021 cycle, Bitcoin peaked 546 days after the halving.
If history repeats and the next bull market peak occurs 518-546 days after the halving…
That would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025.”
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: Midjourney
