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Bitcoin remains in a bullish market, but is moving more slowly.
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This cycle experienced the longest reaccumulation period after halving.
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A rise to $130K or $150K is possible but the risk of a correction increases.
Bitcoin’s bull-run is still going strong, but it is taking a slower, more deliberate path. This was revealed in a market update by analyst Rekt capital, who explained that Bitcoin moves through cycles with periods of strong rallies and quiet consolidations and occasional pullbacks until it reaches its peak.
This current cycle has seen one of the longest reaccumulation periods after the halving, lasting almost eight months. The longer than anticipated consolidation allowed the Bitcoin market to cool down after a period rapid gains. This brought prices back in line long-term trends. Bitcoin did eventually reach new highs but the movement was much slower than previous cycles.
The analyst stated that, when looking at the larger picture, the risk of a drop in the market from current Bitcoin prices has begun to outweigh any remaining upside. While prices may still rise to $130,000 or $140,000, there is also the possibility of a 60-70% drop after the peak.
As the bull market approaches its final phase, with approximately 88% of the cycle completed, the chances for further gains are shrinking while the risk is growing.
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The bull market in bitcoin usually follows a pattern. It peaks about 550 days following a halving. If history repeats itself, the market may peak around October 2025. Most big gains are likely over with only 2-3 months to go. The analyst said that while some are expecting a longer cycle through 2026, sticking to the established timeline is safer.
Bitcoin Short-Term Prediction
Bitcoin reached a new high locally today, but not an all-time high. Right now, Bitcoin is holding above a major trendline. The bullish outlook will remain intact as long as the price remains above $105,200.
If this support is maintained, Bitcoin may aim for the next resistance level between $110400 and $113500. A break above $113.500 would allow a move towards $130,000.
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A small pullback in the short-term is possible. However, as long as the local price remains above $107280, there is no sign that the top has been reached. The overall trend remains positive with prices likely to rise in the coming weeks.
