Past Bitcoin halving patterns showed that the peak of the Bitcoin bull run will take place somewhere between Sep to Oct 2025.
The current trade price of Bitcoin (BTC), the top Cryptocurrency by market cap, is $64,325 & this trade price has been 2% higher over the last 7 days.
From mid-2023, the trade price of Bitcoin surged nearly more than 120%, following the Bitcoin spot ETF-linked news & involvement of Blackrock in the Bitcoin market.
Notably the trade price of Bitcoin has failed to show big rallies or momentum for the last 30 days because there were no big events related to Bitcoin and also currently fear among the investors is very high because of the war efforts between Israel & Iran.
Despite the Bitcoin halving event on 20 April 2024, the sentiments in the Bitcoin market remained bearish.
At the current trade price of Bitcoin, the majority of the Bitcoin miners are not getting profit with Bitcoin mining operations. So it is expected that a significant pump in the trade price of Bitcoin is possible in the upcoming weeks or months but it will be a matter of time.
On 24 April 2024, a popular crypto analyst Rekt Capital shared his analysis on the current Bitcoin bull phase on behalf of the past Bitcoin halving patterns.
According to the analyst, if Bitcoin follows its past pattern then the trade price of Bitcoin will be at its peak, in this bull run, somewhere between mid-September and mid-October 2025.
This is a very long time but here we don’t need to get into any big fear because past Bitcoin halving events occurred in different situations and the current situation is different. So we should not consider this analysis as a negative factor for the Bitcoin bull run.
Also here we should not forget that the US presidential election is going to play a very big role in injecting the bull sentiments in the Bitcoin market, before September of this year.
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