The Bitcoin bull market may begin in the next 22 days, according to historical cycles and current data. This conclusion was reached by Quinten François, co-founder of WeRate.
According to the expert, the average cycle for the leading cryptocurrency begins approximately 170 days after the halving event, with the peak forming 480 days later. As of September 15, it has been 147 days since the miner reward was halved.
Crypto investor and blogger Lark Davis reminded everyone of Bitcoin’s impressive growth in the fourth quarter during halving years—2016 and 2020. The asset also closed positively in the first, second, and third quarters of the following year after the event, he noted.
“If history repeats itself, it could lead to staggering successes that most people can’t even imagine,” added Davis.
Ki Yun Joo, CEO of CryptoQuant, highlighted $62,000, $55,000, and $43,000 as key levels for Bitcoin. These represent the average price of coins for various investor groups and serve as significant psychological and technical markers.
It’s worth noting that Outlier Ventures declared the “death” of the Bitcoin halving-related cycle.
Earlier, investor and co-founder of Okse under the alias Elja spotted signals on the Bitcoin chart indicating an “explosive move” into the $100,000–150,000 range by Q1 2025.