A well-known cryptocurrency analyst, known as Rekt Capital, has suggested that Bitcoin (BTC) is poised for a significant upward trend after September. According to Rekt Capital, Bitcoin’s performance historically shows that the months following September, particularly October, November, and December, tend to be highly positive. Specifically, Bitcoin has averaged a 22.9% return in October since its inception, while September has generally seen a decline of about 5%.
Rekt Capital explains that if Bitcoin follows past trends, it could experience substantial gains in the final quarter of 2024. Historically, Bitcoin has shown resilience and growth in October, with only two instances of a decline in October—2014 and 2018—both of which occurred during bear markets. This pattern, combined with Bitcoin being in a halving year, supports the expectation of a bullish turn.
Looking ahead, Rekt Capital projects that Bitcoin could hit its cycle peak in mid-September to mid-October 2025 if the cryptocurrency follows the typical halving cycle patterns seen in previous years. For example, Bitcoin peaked 518 days after the halving in the 2015-2017 cycle and 546 days after the halving in the 2019-2021 cycle. This historical data suggests that Bitcoin could reach its next peak during the second half of 2025.
For traders, this insight suggests that September might be a period to endure, with the potential for significant gains in the subsequent months. Keeping an eye on Bitcoin’s performance through the end of the year and into early 2025 could be crucial for maximizing returns.
