Renowned analyst Lark Davis is forecasting a bullish trajectory for Bitcoin by the summer season of 2025. This optimistic outlook is grounded in historic patterns noticed in BTC’s previous price cycles, by which BTC has skilled three main bull runs, every spanning roughly 4 years and culminating in a major worth peak inside a yr of a Bitcoin halving event.
Analyst Data Shows Bullish Fourth Quarter for Bitcoin
In a current post on X, Lark Davis pointed to spectacular quarterly returns in earlier halving years—2016 and 2020. He emphasised that the fourth quarter following halving occasions has persistently been bullish. Furthermore, within the years after the halving, reminiscent of 2017 and 2021, Bitcoin noticed bullish worth motion from the primary to the third quarter.
Davis additional added, “If history repeats itself, it could unleash mind-blowing gains that most people can’t even fathom,” forecasting important development alternatives in 2025.
Adding to this bullish sentiment is Rekt Capital, who just lately instructed his 501,200 followers on X (previously Twitter) that Bitcoin might see a powerful fourth quarter. Rekt Capital highlighted that Bitcoin has traditionally averaged a 22.9% return in October since its inception, with solely two situations the place it closed decrease than it opened in October.
Meanwhile, Bitcoin has averaged a -5% return in September. The solely two instances BTC noticed a decline in October have been in 2014 (-12.95%) and 2018 (-3.83%), each throughout bear markets. He additionally famous that BTC is currently in a halving year, including to the potential for constructive worth motion.
Rekt Capital additional predicts that Bitcoin might attain its cycle peak within the second half of 2025, assuming it follows the traditional halving cycle. He defined, “In the 2015-2017 cycle, BTC peaked 518 days post halving. In the 2019-2021 cycle, Bitcoin peaked 546 days post halving.” If historical past repeats, and the subsequent bull market peak happens 518-546 days put up halving, BTC might peak in mid-September to mid-October 2025.”
BTC’s Last Resistance Before The Bull Run
Bitcoin’s price skilled a major uptick from September 8, reaching a excessive of $60,771 on September 14, in line with Geckoterminal. This surge marked a return above the $60,000 psychological stage for the primary time since August 30.
However, following this rally, Bitcoin’s worth underwent a corrective part, forming a rounding high sample. This bearish formation means that sellers may try and push the worth decrease in direction of the $55,137 help zone.
With the RSI now on a downward pattern, there’s a chance that patrons may capitalize on the perceived undervaluation of the asset. A surge in demand at this stage might result in a bullish reversal, propelling Bitcoin in direction of the $64,000 month-to-month excessive and doubtlessly igniting a broader bull run into 2025.
Featured picture created with Dall.E, chart from Tradingview.com
