Bitcoin’s uninterrupted rally above $89,800 over the last few days has market participants speculating about the beginning of the bear market in 2025. Still, an analyst insists that the leading cryptocurrency’s best is yet to come.
The pseudonymous crypto trader and analyst Rekt Capital tweeted that BTC will hit its all-time high for this bull cycle in October 2025, judging by historical patterns for past cycles.
The Best of BTC Yet to Come
According to Rekt Capital, the 2016 bull cycle saw BTC bottom 547 days before the halving event on July 9. It took another 518 days after the halving for the cryptocurrency to record its top price above $17,700 for the cycle.
Bitcoin followed a similar pattern for the 2020 cycle. The digital currency bottomed 517 days before the third halving on May 11, 2020, and hit its cycle all-time high of $69,000 549 days after the halving.
So far in this cycle, BTC has bottomed 517 days before the 2024 halving, which took place on April 19. Rekt Capital says the asset may top this bull run approximately 549 days after the halving. This places the date for a cycle all-time high in October 2025.
The analyst further explained that the historical patterns suggest two takeaways: Bitcoin halvings act like mirrors because bear market bottoms occur a similar number of days before the events compared to the days before the bull market tops. The other take is that the best of the Bitcoin bull market is yet to come.
Could BTC Hit $1M?
The comment section of Rekt Capital’s tweet contains some market participants who concur with his analysis, while others do not entirely agree.
One commenter named Timmy said BTC could top at $1.8 million by October 2025 if the market follows the 2016 cycle pattern. Timmy’s opinion aligns with that of Arthur Hayes, the founder of crypto derivatives platform BitMEX, who asserted that BTC could be worth $1 million if the United States Federal Reserve creates up to $10.5 trillion in bank credit to deleverage the economy under President Donald Trump’s administration.
Still under Rekt Capital’s analysis, pseudonymous crypto investor Alejg insisted that history does not always repeat itself but mostly rhymes. According to this trader, BTC reaching between $150,000 and $200,000 is not an assumption but a reality, and this could be the cycle top.