A well-known cryptocurrency analyst, Rekt Capital, has made a prediction about when Bitcoin's current bull market cycle could reach its peak. In a recent YouTube video update, the pseudonymous analyst, followed by 64,600 subscribers, stated that based on historical patterns, the peak could occur in late 2024 or early 2025.

Rekt Capital pointed out that if history repeats itself, the peak of the bull market cycle is likely to fall within a range of 266 to 315 days. This means that Bitcoin could potentially reach its peak either in late November 2024 or late January 2025.

However, Rekt Capital also acknowledged that the duration of the cycle might extend this time around. Historically, each bull market cycle has gotten longer, indicating a possible lengthening of days beyond the old all-time highs before entering a macro bear market. Drawing comparisons between previous cycles, the analyst emphasized the importance of understanding this lengthening trend.

Referring to past cycles, Rekt Capital mentioned that the current cycle appears to be progressing at a faster pace. Bitcoin has already hit all-time high (ATH) prices before the halving event, which is a departure from previous cycles wherein the ATH was reached after the halving event. The analyst believes that this faster pace and longer cycle duration could impact the timing of the peak.

In light of these factors, Rekt Capital suggested that the potential bull market peak could be pushed into February, March, or even April of 2025. The analyst highlighted the first quarter of 2025 as the moment when Bitcoin might reach its peak, based on their analysis.

At the time of writing, Bitcoin is trading at $73,233, showing a nearly 3% increase in the past 24 hours.

It is important to note that this prediction is based solely on historical patterns and should be taken as speculation rather than a definitive timeline for Bitcoin's bull market peak. As the cryptocurrency market is highly volatile and subject to various external factors, the actual peak may deviate from these projections.

Crypto enthusiasts and investors remain intrigued by analysts' insights, as they strive to navigate the market's dynamics and anticipate potential price movements. The timeline provided by Rekt Capital offers another perspective in the ongoing speculation surrounding Bitcoin's future performance.