{"id":7502,"date":"2024-09-17T17:00:05","date_gmt":"2024-09-17T17:00:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=7502"},"modified":"2024-09-17T17:00:05","modified_gmt":"2024-09-17T17:00:05","slug":"analyst-uses-bitcoin-past-cycles-to-pinpoint-start-of-bull-market-the-timeline-will-shock-you","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=7502","title":{"rendered":"Analyst Uses Bitcoin Past Cycles To Pinpoint Start Of Bull Market \u2013 The Timeline Will Shock You"},"content":{"rendered":"

Renowned analyst<\/a> Lark Davis is forecasting a bullish trajectory for Bitcoin by the summer of 2025. This optimistic outlook is grounded in historical patterns observed in BTC\u2019s previous price cycles<\/a>, in which BTC has experienced three major bull runs, each spanning approximately four years and culminating in a significant price peak within a year of a Bitcoin halving event<\/a>.\u00a0<\/p>\n

Analyst Data Shows Bullish Fourth Quarter for Bitcoin<\/h2>\n

In a recent post<\/a> on X, Lark Davis pointed to impressive quarterly returns in previous halving years\u20142016 and 2020. He emphasized that the fourth quarter following halving events has consistently been bullish. Furthermore, in the years after the halving, such as 2017 and 2021, Bitcoin saw bullish price action from the first to the third quarter.<\/p>\n

Davis further added, \u201cIf history repeats itself, it could unleash mind-blowing gains that most people can\u2019t even fathom,\u201d forecasting significant growth opportunities in 2025.<\/p>\n

Adding to this bullish sentiment<\/a> is Rekt Capital, who recently told his 501,200 followers on X (formerly Twitter) that Bitcoin could see a strong fourth quarter. Rekt Capital highlighted<\/a> that Bitcoin has historically averaged a 22.9% return in October since its inception, with only two instances where it closed lower than it opened in October.\u00a0<\/p>\n

Meanwhile, Bitcoin has averaged a -5% return in September. The only two times BTC saw a decline in October were in 2014 (-12.95%) and 2018 (-3.83%), both during bear markets. He also noted that BTC is currently in a halving year<\/a>, adding to the potential for positive price movement.<\/p>\n

Rekt Capital further predicts that Bitcoin could reach its cycle peak in the second half of 2025, assuming it follows the traditional halving cycle<\/a>. He explained, \u201cIn the 2015-2017 cycle, BTC peaked 518 days post halving. In the 2019-2021 cycle, Bitcoin peaked 546 days post halving.\u201d If history repeats, and the next bull market peak occurs 518-546 days post halving, BTC could peak in mid-September<\/a> to mid-October 2025.\u201d<\/p>\n

BTC\u2019s Last Resistance Before The Bull Run<\/h2>\n

Bitcoin\u2019s price<\/a> experienced a significant uptick from September 8, reaching a high of $60,771 on September 14, according to Geckoterminal<\/a>. This surge marked a return above the $60,000 psychological level for the first time since August 30.<\/p>\n

However, following this rally, Bitcoin\u2019s price underwent a corrective phase, forming a rounding top pattern. This bearish formation suggests that sellers might attempt to push the price lower towards the $55,137 support zone.\u00a0<\/p>\n

With the RSI now on a downward trend, there is a possibility that buyers might capitalize on the perceived undervaluation of the asset. A surge in demand at this level could lead to a bullish reversal, propelling Bitcoin towards the $64,000 monthly high and potentially igniting a broader bull run into 2025.<\/p>","protected":false},"excerpt":{"rendered":"

Renowned analyst Lark Davis is forecasting a bullish trajectory for Bitcoin by the summer of 2025. This optimistic outlook is grounded in historical patterns observed in BTC\u2019s previous price cycles, in which BTC has experienced three major bull runs, each spanning approximately four years and culminating in a significant price peak within a year of […]<\/p>\n","protected":false},"author":0,"featured_media":7503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7502"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7502"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/7503"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}