Bitcoin’s price reached an impressive $93,500, marking its latest peak. Cryptocurrency analyst Rekt Capital pointed out the current market movements of Bitcoin 
$89,888, indicating that the cryptocurrency entered the final phase of what is described as a “parabolic phase.” Rekt Capital, addressing his 95,400 YouTube subscribers, suggested that Bitcoin could continue to gain value over the next few weeks. He stated, “Therefore, upward movements are likely to be seen before the first correction,” at the time of writing, Bitcoin was trading at $89,230.
Bitcoin’s Parabolic Phase and Peak Predictions
The pseudonymous analyst forecasts that Bitcoin’s current cycle will persist until the last quarter of 2025. He noted, “We are in the parabolic phase of this cycle, and we are just beginning. The bull market peak could occur between mid-September and mid-October,” providing predictions based on historical data.
Experts analyzing Bitcoin’s past performance emphasize that reaching a bull market peak after halving typically takes around 518 to 550 days. Given these timeframes, Bitcoin’s current cycle could also peak in the fall of 2025.
Historical Data Guides Investors
Bitcoin’s historical cycles offer valuable insights for investors. The analyst recalls past bull market peaks, noting that the current cycle is progressing with a similar duration. In this context, Bitcoin investors are advised to develop long-term strategies.
Historical data in the cryptocurrency market can aid investors in understanding potential future movements. However, the market can occasionally exhibit unpredictable volatility. It is crucial for investors to carefully assess analysts’ predictions and adopt a cautious approach.
The recent price increases of Bitcoin continue to generate excitement with new peak targets. Monitoring market dynamics during this process can provide a strategic advantage.
