A well-known crypto analyst believes Bitcoin (BTC) might be in a significant upward trend right now. Pseudonymous analyst Rekt Capital, who has 505,900 followers on X, thinks this current rally could last for a few more weeks.

As it stands, Bitcoin trades just below $85,000. It has jumped nearly $20,000 in less than a month!

Rekt says, “BTC history suggests we may not see a deeper pullback for a few weeks. Until then, we’ll be lucky to catch any brief dips. Typically, the first multi-week Price Discovery wave enjoys mostly uninterrupted growth.”

In a detailed analysis, Rekt points out patterns linked to Bitcoin halving. This is when miners’ rewards are cut in half. Based on these patterns, BTC seems set for a peak in the bull market around October next year.

He explains, “Bitcoin hit its bottom 547 days before the 2016 Halving but peaked 518 days after it. In 2020, it bottomed 517 days before the halving and peaked 549 days after. Now, Bitcoin reached its bottom 517 days before the 2024 Halving and could peak about 549 days after that. So, we’re looking at October 2025.”

From this history, we can gather two key insights:

  • The Halving acts like a mirror.
  • Bear Market Bottoms happen a similar number of days before the Halving compared to the days it takes Bitcoin to reach Bull Market Tops afterward.

In short, the best part of the Bitcoin bull market is likely still ahead of us.