Will This Bitcoin Cycle Be Shorter Than Usual? Analyst Shares Insights

As the cryptocurrency community prepares for the long-awaited rally of the Bitcoin explosion following the Halving event, the famous market analyst and trader Rekt Capital, has an insight. prediction suggested that this current BTC bull cycle may be shorter than previous instances.

His observations were made against the background of market fluctuations and developed involvement of institutional investors, which may affect the speed and behavior of the cycle. Rekt Capital’s analysis discusses Bitcoin’s recent price action and market patterns, which hinge on the digital asset’s entry into what it called the Pre-Halving rally phase.

Bitcoin Bull Cycle Peaks Sooner Than Expected

As Bitcoin begins to show bullish momentum, Rekt Capital argues that we may be ahead of schedule due to the stark contrast between this cycle and others seen in previous years, where bull markets typically extend for longer periods of time.

According to the analyst, it is beneficial in every bull cycle that Bitcoin finds it difficult to get out of this latest one. assembly phase. This is because a crypto asset has never exited this phase so quickly in the post-halving period.

However, if a breakout occurs, this cycle will be accelerated to the point that the bull market will be shorter than it usually is. Currently, the price of BTC is able to re-synchronize with previous breakout cycles due to this ongoing consolidation, allowing for a typical bull run.

It is important to note that this consolidation phase has lasted about 3 months now between the $60,000 and $70,000 mark, according to the analyst.

Compared to previous Halving cycles, the current cycle has accelerated by about 260 days, as shown by the leading commodity reaching new highs in March. However, due to the long duration of this phase of consideration, the current acceleration of the cycle has decreased from 260 days to about 170 days.

So far, the crypto expert has also warned the crypto community about an upcoming price recovery strong enough to convince investors that the bull market is over. However, Rekt Capital urged the public not to be swayed by it, as BTC will rebound after the correction, suggesting that the bull market is still in place.

The BTC Bull Run Has Stopped

As Bitcoin navigates unprecedented markets, several analysts have provided insight into the digital asset’s bull run. Cryptocurrency analyst Crypto Titan has it confirmed that the BTC bull run is still intact despite the current pessimistic market conditions.

The Crypto Titan noted that BTC in this tedious consolidation phase aims to drive investors crazy and make them impatient and force them to make mistakes. Because of this, the analyst advised investors to hold their own BTC investment, we note that the best is yet to come.

At the time of writing, BTC was trading at $67,154, representing a 7-day decline of over 6%. Both its trading volume and market value fell by more than 27% and 1% in the previous day, reflecting the pessimistic mood among investors.

Featured image from iStock, chart from Tradingview.com