Bitcoin topped $72,000 and crypto analysts predict BTC to rise to $100,000 by April?

As Bitcoin (BTC) continues to rise significantly, reaching an all-time high (ATH) of $72,300, cryptocurrency analyst Rekt Capital believes that the Bitcoin bull market could peak within 266-315 days of breaking through the all-time high, possibly in December 2024 or February 2025, by looking at the previous halving cycle and the "acceleration" observed in the current cycle.

Rekt Capital's analysis shows that historically the Bitcoin bull market peaked about 518-546 days after the halving event. However, the current cycle shows accelerated growth, decreasing by about 260 days.

Analysts say this acceleration has the potential to halve typical cycle lengths, suggesting that Bitcoin's peak in the current bull market could be much sooner than expected. Rekt Capital's view is a measure of bull market peaks when all-time highs are breached, providing valuable insights. In this cycle, Bitcoin recently broke through new all-time highs, suggesting that the market may be a milestone.

According to the analysis provided by Rekt, if the acceleration view holds, the next bull market peak is expected to occur within 266-315 days of this breakout, landing between December 2024 and February 2025.

Approximately every four years, Bitcoin's halving events have historically played a crucial role in shaping market cycles. Another analyst, Rekt, said that these events reduce the block reward that miners receive, which lowers the supply of new bitcoins, but this time could be different.

In contrast, crypto analyst Gert van Lagen shared a price chart showing Bitcoin's recent bullish trend, revealing that the cryptocurrency's value has doubled in 10, 18, and 84 days after surging to new all-time highs. As a result of this massive upward trend, the analyst confidently stated that he believes the price of reaching $200,000 before the April halving cycle has become more reasonable.

Other analysts, including Lagan, are predicting a bullish outcome for Bitcoin ahead of the halving event. According to "Bitcoin Therapists," a cryptocurrency analyst on X, Bitcoin is expected to rise to $100,000 by April. In addition, another crypto analyst said that it is expected to rise steadily to an all-time high of $75,000 before the halving.

Similar to Rekt's analysis, market expert Crypto Con said that the "traditional four-year cycle" may no longer hold true because Bitcoin reached new all-time highs earlier than expected, and as a result, Crypto Con believes that the "boundaries of Bitcoin" "traditional cycles" are being pushed, which could mark a paradigm shift in Bitcoin's market dynamics.

Historically, Bitcoin's price cycle has followed a four-year pattern, characterized by market peaks around four years after each halving event. However, Crypto Con challenges this notion by arguing that the current cycle deviates from the "traditional timeline".

Bitcoin recently entered "price discovery mode" and achieved a new ATH about a year earlier than expected, suggesting that the four-year cycle may no longer have predictive power.

The analysis shows that the current market trajectory is more in line with the 2017 bull market compared to previous cycles. Comparing the first tops of cycles 1 and 3 (2013 and 2021) to the current one, both instances are on the verge of forming an initial peak around April, reflecting current market conditions.

This observation supports the likelihood that Bitcoin's next bull market will peak in late 2024, rather than the previously expected end of 2025.

(Source: Ronaldo Marquez)