Bitcoin Long-Term Outlook: Analyst Foresees Peak In Late 2025

Following the fourth Bitcoin Halving, Rekt Capital, a popular cryptocurrency trader and expert, has offered a compelling narrative on the future trajectory of Bitcoin, predicting that the crypto asset could peak this bull cycle in the following year. Rekt Capital’s analysis emphasizes on the possibility that this current cycle could reiterate past Halving cycle trends, positioning BTC for significant gains in the coming months. Bitcoin Could Mirror Past Halving Cycle According to the analyst, Bitcoin reached its all-time high within 518 days following the Halving in the 2015–2017 cycle. Meanwhile, after the event in the 2019-2021 bull cycle, the digital asset topped out within 546 days. This suggests that the event has always catalyzed massive growth for the leading cryptocurrency asset. Related Reading: Legendary Trader Predicts When Bitcoin’s Bull Run Will End Should the past trend hold, the next bull market top might happen between 518 and 546 days following the recently concluded fourth Halving, particularly around the middle of September or middle of October in 2025, according to Rekt Capital. The analyst noted that in this cycle Bitcoin is accelerating by about 220 days currently. Thus, the longer time BTC consolidates after this Halving, it will be better for resynchronizing this current cycle with the previous events cycle. Rekt Capital also noted that Bitcoin has experienced further declines in the three weeks after the Halving, according to historical data from 2016. He has labeled the period as the Post-Halving “Danger Zone,” this is where there is a chance of downside volatility at the range low of the Re-accumulation Range. In 2016, approximately 21 days after the occurrence, Bitcoin saw a lengthy -11% decline before gaining momentum toward the upside. However, data for 2016 indicates that if there will be downside volatility in this cycle around the Re-Accumulation Range Low, it may happen during the following 15 days. Although the post-Halving danger zone ends in 15 days, the 2016 data indicates that there may be some negative volatility in the interim, possibly reaching the $60,600 Range Low. Parabolic Phase For BTC It is worth noting that Rekt Capital anticipates a parabolic phase after the re-accumulation phase is concluded. During this stage, Bitcoin usually sees massive growth leading all the way up to a new all-time high. Related Reading: Bitcoin’s Next Move Revealed: Trading Guru Reveals This Cryptic Chart Pattern, Here’s What It Says In the previous Halvings, Bitcoin would historically consolidate in this Re-Accumulation Range for up to 150 days before ultimately entering a parabolic phase. Once BTC breaks out of this re-accumulation stage, Rekt Capital expects BTC to see a parabolic upside by September this year if it consolidates within the aforementioned timeframe. At the time of writing, BTC was down by over 5% in the past 7 days and was trading at $62,504. Presently, its market cap is down by 1.53%, while its trading volume has increased by over 22% in the last 24 hours. Featured image from iStock, chart from Tradingview.com read more

XRP poised for year-end surge: Can it reach $1 by 2025?

There are many factors at play here, but XRP by Ripple is optimistic about ending the current year, that is, 2024, on a higher note. For starters, Ripple versus the SEC is likely to have a final judgment in the next couple of months. If favorable, it will trigger an upswing in XRP’s value. However, … read more

Crypto Exchange Coinbase Adds Solana-Based DEX to Listing Roadmap

Coinbase has added a new Solana (SOL)-based decentralized exchange (DEX) altcoin to its listing roadmap. On Tuesday, the top US crypto exchange put Drift Protocol (DRIFT) on the path towards being tradeable on its platform in the future. Drift is an open-source DEX that enables transparent and non-custodial trading. Explains the project, “Drift was designed The post Crypto Exchange Coinbase Adds Solana-Based DEX to Listing Roadmap appeared first on The Daily Hodl . read more

Meme coins market cap hits $58b

The market capitalization of meme coins increased by 10% and hit $58 billion. read more

Meme coins market cap hits $58b

The market capitalization of meme coins increased by 10% and hit $58 billion. read more

How A PEPE Trader Reaped Over 15,000x Profit Amidst Meme Coin Mania

This comes as the price of Pepe recently set a new lifetime peak following a renewed GameStop frenzy. read more

BlackRock Bitcoin ETF Hits Massive Record, Dust Rivals

As the trend has been since the United States Securities and Exchange Commission (SEC) greenlighted spot Bitcoin ETFs in January, BlackRock Inc’s IBIT has once sustained its lead in the ETF game. The Bitcoin ETF recently recorded massive flows and record corporate holders. BlackRock Shocks Spot Bitcoin ETF Market According to Bloomberg Senior ETF analyst The post BlackRock Bitcoin ETF Hits Massive Record, Dust Rivals appeared first on CoinGape . read more

Baidu Beats Quarterly Revenue Estimates Amid Its AI Push

Baidu shares (NASDAQ: BIDU) rose 1.22% Thursday after the Chinese search giant reported a revenue upbeat for the first quarter of 2024. Baidu Records $4.3 Billion Q1 Revenue The Beijing-based company recorded a revenue of 31.5 billion yuan ($4.3 billion) in Q1 ended March, which is slightly higher than the 31.4 billion yuan estimates. The read more

Statement from MEXC Turkey Following the Crypto Asset Law!

Following the announced Bitcoin and crypto asset bill, the first statement came from MEXC Turkey. Here are the details... Continue Reading: Statement from MEXC Turkey Following the Crypto Asset Law! read more

GameStop and AMC Plunge as Roaring Kitty Meme Stock Craze Fades

Popular meme stocks GameStop and AMC fell sharply after U.S. markets opened on Thursday, trading 15% lower than their previous close. read more

US Bitcoin ETFs Achieve 3-Day Inflow Streak, Netting $303M on Wednesday

U.S. spot bitcoin exchange-traded funds (ETFs) performed well on Wednesday, completing a three-day streak of inflows and accumulating $303 million in gains on May 15. Data indicates Blackrock’s IBIT inflows have been minimal, recording zero inflows over the past few trading sessions. In contrast, Grayscale’s Bitcoin Trust (GBTC) saw inflows of approximately $27 million during read more