Renowned analyst Lark Davis is forecasting a bullish trajectory for Bitcoin by the summer of 2025. This optimistic outlook is grounded in historical patterns observed inBTC’s previous price cycles, in which BTC has experienced three major bull runs, each spanning approximately four years and culminating in a significant price peak within a year of aBitcoin halving event.
Renowned crypto analyst Lark Davis has made a bold prediction: Bitcoin could be on the verge of a major bull market by the summer of 2025. His analysis draws on the past cycles of Bitcoin (BTC), which have shown consistent bullish trends post-halving events. According to Davis, each of Bitcoin’s previous three bull markets has occurred in a four-year cycle, peaking significantly within a year of a Bitcoin halving.
Analytical Insights: Bullish Sentiment for Bitcoin’s Fourth Quarter
In a recentpost on X (formerly Twitter), Lark Davis highlighted the impressive quarterly returns observed in previous halving years—2016 and 2020. He pointed out that the fourth quarter following halving events has always been bullish for Bitcoin. Additionally, the years that follow the halving events, like 2017 and 2021, have also seen bullish price action from Q1 to Q3.
Davis noted, “If history repeats itself, it could result in extraordinary gains,” setting the stage for potential growth in 2025.
Positive Indicators from Other Analysts
Rekt Capital, another influential analyst, shares Davis’ optimistic outlook. In a post to his 501,200 followers, Rekt Capital emphasized that Bitcoin has historically averaged a 22.9% return in October. He added that the only years BTC closed lower in October were 2014 and 2018, both during bear markets.
Rekt Capital also mentioned that Bitcoin could peak in the second half of 2025 if it follows the traditional halving cycle. He elaborated, “In the 2015-2017 cycle, BTC peaked 518 days post-halving. During the 2019-2021 cycle, Bitcoin peaked 546 days post-halving.” If this pattern holds, Bitcoin might reach its peak between mid-September and mid-October 2025.
Bitcoin’s Resistance Levels Before the Anticipated Bull Run
According to GeckoTerminal, Bitcoin’s price experienced a significant increase from September 8, soaring to a high of $60,771 by September 14. This surge pushed Bitcoin above the $60,000 psychological barrier for the first time since August 30.
However, after this rally, Bitcoin’s price entered a corrective phase, forming a rounding top pattern. This bearish pattern suggests that sellers might push the price lower towards the $55,137 support zone.
With the RSI now trending downward, buyers may capitalize on this perceived undervaluation. A surge in demand could trigger a bullish reversal, driving Bitcoin towards a $64,000 monthly high and setting the stage for a broader bull market heading into 2025.
Featured image created with Dall.E, chart from Tradingview.com
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