Cryptocurrency expert Rekt Capital anticipates an upward trajectory for Bitcoin in the months following September. The analyst suggests the last quarter of the year could prove beneficial for Bitcoin, based on historical patterns that show strong performances in October, November, and December.
How Does October Typically Fare?
Historically, October has been a positive month for Bitcoin, with average gains reaching 22.9%. Only two years, 2014 and 2018, ended negatively for the cryptocurrency, amid broader market downturns. Rekt Capital highlights that these trends are significant when assessing potential future gains.
What Can We Learn from Halving Cycles?
A closer look at past halving events reveals that Bitcoin’s peak usually occurs between 518 and 546 days post-halving. If the pattern holds, the next peak could be expected around September or October 2025. This timeline implies that Bitcoin might start reaching new highs during the second half after the next halving event.
Key Insights and Considerations
From the analysis, several key points emerge:
- Bitcoin tends to decline by about 5% in September historically.
- Despite potential September losses, the outlook improves subsequently.
- Historical cycles suggest promising opportunities for future profits.
- Investors are advised to perform personal due diligence and assess risks.
Ultimately, Rekt Capital advises that while historical data offers guidance, investors need to independently verify information and remain mindful of inherent risks. Decision-making should be based on individual analysis and responsibility, taking into account both potential returns and associated uncertainties.