An analyst is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset’s rally to a new all-time high of around $93,500.
The analyst pseudonymously known as Rekt Capital tells his 95,400 YouTube subscribers that Bitcoin has finally broken into the “parabolic phase of the cycle.”
“So we’re going to see multiple weeks of upside… before we see the first sort of correction.”
According to the pseudonymous analyst and trader, Bitcoin has a little over 40 weeks before it hits the top of the cycle based on historical precedent.
“We are in the parabolic phase of the cycle once again, only just beginning it. And here we can see that the bull market top based on what we’ve seen in the past is mid-September to mid-October 2025.
Because simply put, it takes Bitcoin 518 days after the halving to the bull market peak. That was the case in 2017 and in 2020 it was a little bit longer – 550 days after the halving.
So if we’re going to essentially just do this, then it gives us a bit of a cushion of 30 days or so that we might see mid-September to mid-October 2025 in terms of a bull market peak.
And so we are in the final phase of the Bitcoin cycle, the post-halving parabolic upside phase and it is quite an extensive phase. You can see that this tends to last quite a bit of time and 300 days or so is something we can roughly expect.”
Bitcoin is trading at $89,230 at time of writing.
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