Last year, the analyst Rekt Capital, who predicted Bitcoin’s pre-halving correction, updated the timeframe for BTC ($102,066.58)’s peak in the current cycle. The analyst indicated that the duration for Bitcoin 
$102,091 to reach its peak could vary based on historical cycle data. This timeframe was stated to range between 250 to 329 days.
Historical Data and Timeframes
Rekt Capital observed that in previous cycles, it took between 250 and 329 days for Bitcoin to reach new highs after breaking its all-time records. Based on this data, if history repeats itself, a market peak could potentially occur around mid-July with a 250-day process.
Rekt Capital: “If history repeats and a new peak is reached within 250 days after breaking all-time records, a mid-July peak could be observed. However, if it takes 329 days, the peak might be seen by the end of September.”
The Impact of Halving and Market Continuity
The analyst also pointed out that the Bitcoin halving event influences this process. The halving, which will occur in April 2024, is expected to alter …
